Underwriting
PCI Hires Treasury Department, Federal Insurance Office Veteran
A veteran of the U.S. Department of Treasury and other government departments who helped establish the Federal Insurance Office is joining the Property Casualty Insurers Association of America. Chris ...
The Latest Launches From Ironshore and Kinsale
Ironshore disclosed its Mergers & Acquisitions and Tax unit updated its transactional liability product to cover healthcare sector-related regulatory risks. Kinsale Insurance Company's Public ...
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...
Executives On The Move at CNA, AXIS and Arch
CNA appointed a new VP to lead its technology segment. AXIS Insurance hired an industry veteran to lead its primary casualty business in the Northeast and Midwest. Arch Insurance expanded its travel ...
AIR Worldwide Issues Crop Hail Model for Canada, Product Update for China
Catastrophe risk modeling firm AIR Worldwide released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...
Zurich Closes Purchase on Halo, a UK Online Rental Car Platform
Zurich is the proud new owner of Halo, a specialist, UK-based online rental car insurance platform that will help it further a strategy of growth in global travel and assistance markets. Neither side ...
Cyber Attacks Leave Their Mark on Businesses Over Time: Lloyd’s Report
Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of ...