Underwriting
EU Leaders Push May to Offer More in Brexit Talks
European leaders pushed Theresa May to offer more in Brexit talks while also encouraging the British prime minister to aim for a December deadline to move negotiations on to trade. German Chancellor ...
Zurich Reports $700M in Estimate Pre-Tax Claims From Harvey, Irma and Maria
Zurich Insurance Group said it property/casualty business will deal with approximately $700 million in pre-tax losses for Q3 relating to Hurricanes Harvey, Irma and Maria. The number is also net of ...
Travelers CEO Schnitzer: ‘Our Disciplined Underwriting Stood Up to the Storms’
While hurricanes hammered Travelers with $700 million in pre-tax catastrophe losses, the property casualty insurer still ended its 2017 third quarter in the black. Travelers reported $293 million in ...
Another J&J Lawsuit: Patients in UK Trial Claim Hip Implants Were Defective
A Johnson & Johnson unit was accused of injuring hundreds of patients by selling "defective" hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy ...
CNN Wins FAA Waiver to Fly Drone Over Crowds
CNN received a waiver allowing routine drone flights above crowds, a milestone for the industry seeking greater use of the remote-controlled devices for everything from insurance inspections to ...
Wi-Fi Vulnerable to Hacking Due to Newly-Discovered System Flaw
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...
Carrier Innovation Broadening Commercial Insurance Reach in Changing Economy: Swiss Re
Carrier innovation is giving commercial insurance a broader reach as the economy continues to deal with major structural changes, according to a new Swiss Re sigma report. The reinsurer noted that ...