Commercial Lines
Marriott Data Breach Could Cost at Least $200 Million: AIR Worldwide
Marriott International Inc. will be dealing with direct cyber incident losses from its massive data breach of between $200 million and $600 million, according to an AIR Worldwide estimate. Marriott ...
RenRe, Dutch Pension Fund Manager Launch New U.S.-Focused Reinsurer
RenaissanceRe Holdings Ltd. teamed with Dutch pension fund manager PGGM to launch Vermeer Reinsurance Lt., a reinsurer designed to provide capacity focused on risk remote layers in the U.S. property ...
At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re
Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...
Executives On The Move at Alliant and Insurance Information Institute
Alliant hired a Willis Towers Watson veteran as Senior Vice President. The Insurance Information Institute hired a new Vice President and Senior Economist, who will handle areas including research, ...
EU Agrees to Sizable Carbon Emissions Reduction Goal for Cars
The European Union agreed on Monday to a goal of cutting carbon emissions from cars by 37.5 percent in a decade, finally settling differences between vehicle-producing countries and ...
U.S. Drivers Sue Hyundai, Kia, Alleging Engine Defect Caused Fires
Hyundai Motor Co. and Kia Motors Corp. were sued by U.S. drivers over an alleged defect that could cause certain engines to catch fire, adding pressure on the South Korean automakers being probed by ...
American Family Invests in TicketGuardian, Provider of Specialty Insurance for Events, Ticket Holders
American Family Insurance co-led the $8 million Series A financing round for TicketGuardian, an InsurTech startup that helps insure concert and event organizers, as well as customers who buy tickets ...
U.S. P/C Insurers’ Interest in Hedge Fund Investments May Be Waning: Fitch
U.S. property/casualty insurer interest in hedge fund investments may be waning, according to a new Fitch report. Fitch said that the industry's investment position in other alternative investments ...