Underwriting
H1 Natural Disaster Claims Reached $19.5B, Plunging From Previous Year: Munich Re
Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday. ...
Insurers Beat Other Industries on Shareholder Value, but Their Lead Could End
The insurance sector is beating other industries on delivering shareholder value but insurers may find this more difficult to do going forward unless they adjust their game plan. According to the ...
Cyber Attack Leads to Big Business Interruption, Earnings Issues for FedEx’s TNT Unit
FedEx Corp.'s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings. The ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
GA Delivers Profit Fix For Regional, National Carriers With No Agency Force Disruption
As competition heats up, eroding underwriting profits across the industry, regional insurance carriers are carefully reviewing their books of business and putting renewed focus on the most profitable ...
Any Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
The insurance and long-term savings sector is one of the UK's most productive industries, adding more than £40 billion (US$51.5 billion) a year to the economy and helping Britain thrive, according ...
Apple Will Debut China Data Center to Comply With China’s Tougher Cyber-Security Laws
Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. ...
Hamilton USA CEO Macia to Take Charge of New AIG Tech-Focused Subsidiary
American International Group under new CEO Brian Duperreault is moving quickly to pursue next-generation technology. The insurer has formally disclosed plans to name Hamilton USA CEO Seraina Macia as ...