Strategy
NY Fed Beefs Up Chicago Office in Disaster Risk-Reduction Plan
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and ...
AIG Buys Piece of Cyber Risk-Reduction Firm
American International Group has invested in a global investigative consultancy in a bid to deepen its ability to help clients combat cyber risks. Financial details aren't being disclosed. But AIG is ...
Executives On The Move at CNA, Lloyds, ACE and More
We have new executive appointments to tell you about from CNA, The MEMIC Group, Lloyds, ACE Group and Beazley. *** CNA Financial Group said it named an XL Group veteran as its new executive vice ...
Erie Insurance Joins Commercial Drone Bandwagon
Erie Insurance is joining the drone bandwagon with news that it has obtained conditional Federal Aviation Administration approval to use the technology in its claims and underwriting processes. ...
PartnerRe Gains Second Suitor in EXOR With Its $6.4B Cash Bid
European investment company EXOR has emerged as a second suitor for PartnerRe Ltd. with the announcement of its proposed $6.4 billion all-cash acquisition of the Bermuda-based reinsurer. If accepted, ...
Employee Snafus a Big Factor in Cyber Attacks, Verizon and Symantec Find
When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims ...
The One Thing Missing From Your Innovation Efforts: A View of Customers ‘In the Wild’
"Innovate or die," the saying goes. But as companies try to sharpen their competitive edge with new product and service ideas, many don't realize that their efforts are fundamentally misguided. ...
XL Unveils Sharia Compliant Equine Cover Through Lloyd’s of London
XL Group has rolled out what it bills as the first Shariah compliant product available through Lloyd's of London – cover for horses. Offered with Cobalt Underwriting (a specialist Shariah compliant ...