Underwriting
Zurich Will Pay Up to $1.05B for Wells Fargo Crop Insurer
Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop-insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover ...
ACE Beefs Up Product Recall Insurance Options
ACE Group said it beefed up and tweaked its product recall insurance offerings, a move intended to help benefit customers in areas including consumable products, consumer goods and component part ...
Allied World Debuts Division Focused on Global Crisis Management Coverage
Allied World Assurance Company Holdings AG established a new division focused on coverage for global crisis management. Five executives – four chosen from within Allied World – will run the ...
Congress Tackles Cyber Security as Part of Federal Spending Bill
Companies that share data with the U.S. government for cyber security purposes will get more protection from consumer lawsuits under a measure piggybacked onto a massive federal spending bill ...
Lloyd’s of London Readies Proprietary Insurance Based Index
Lloyd's of London will launch its own insurance based index in summer 2016. The famed specialist and reinsurance market touts the product as the first of its kind for diversified risk. It is designed ...
Third Point Re, Greenlight Capital Re Targeted by Short Sellers as Losses Soar
The shorts are targeting one of Wall Street's best known short sellers. Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company's losses ...
China Leader Urges United Front Against Hacking, Network Surveillance
China's President Xi Jinping laid out his vision for the Internet on Wednesday, calling for respect of different governance models and standardized online security, placing China at the front of ...
Typhoon Melor Kills Four, Leaves Millions in Philippines Without Electricity
Schools were shut in the greater Manila area and nearby cities as Typhoon Melor triggered a storm that paralyzed traffic with floods across the Philippine capital, the government said. The typhoon, ...