Underwriting
Anthem Targeted in Massive Cyber Attack; Tens of Millions Affected
Anthem Inc., the second biggest U.S. health insurer by market value, said hackers obtained data on tens of millions of current and former customers and employees in a sophisticated attack that has ...
W.R. Berkley Sees a Q4 Dip in Net Income
W.R. Berkley Corp. reported a stellar fourth-quarter in terms of premium growth, but net income dipped at year-end due in part to investment return challenges. Berkley's 2014 Q4 net income is booked ...
AXIS CEO Benchimol Sticks to Script on $11B PartnerRe Merger Deal
Early on in the fourth-quarter earnings call for AXIS Capital Holdings Ltd., company president and CEO Albert Benchimol warned that he and his team would be able to say very little about a planned ...
Europe’s Bond-Buying Program Could Push Insurers Toward Riskier Assets: Analysts
The European Central Bank's bond-buying program may lead insurers to load up on riskier assets at the expense of financial stability, analysts at Sanford C. Bernstein said. Quantitative easing "might ...
Canada’s Intact Financial Nearly Doubled Quarterly P/C Profit
Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. ...
Cyber Criminals Routinely Strike U.S. Brokerages and Advisers: SEC
U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities ...
RMS Debuts Global Tsunami Scenario Catalog
RMS released a global tsunami scenario catalog to help insurers and reinsurers assess risks in high exposure regions they cover. The catastrophe modeling firm touted the catalog as the first of its ...
Uber, Carnegie Mellon, Link on Driverless Tech Research Partnership
Uber Technologies, the controversial app-based ridesharing service, is launching a partnership with a major university focused on developing new autonomous driving technology. Uber disclosed the news ...