Innovation
QBE North America Rolls Out M&A-Related Transactional Liability Practice
QBE North America is launching a new transactional liability practice designed for clients involved in mergers and acquisitions. The initiative reflects its latest expansion into other specialty ...
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 ...
XL CEO McGavick: Employees Should Stay Put in Face of M&A Anxiety
XL Group Plc Chief Executive Officer Mike McGavick said employees who are worried about disruption from his company's planned purchase of Catlin Group Ltd. should think twice about jumping ship. ...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
Uber Investor Google May Be Ramping Up Its Own Ridesharing Service
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the ...
Allstate Rolls Out Super-Fast, Same-day Claims Payment System
Allstate is launching a new electronic system capable of making same-day claims payments to a customer's bank account – a process enabled by an email address or cell phone. Allstate dubbed the new ...
As Reinsurance M&A Accelerates, Who Are The Next Targets?
Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy. Axis Capital Holdings Ltd.'s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of ...
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...