Commercial Lines
Proposed U.S. Legislation Coming That Threatens Tech Platform Encriptions
U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to ...
Allianz Raises Guidance After Profit Jump
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was ...
Ransomware Shuts U.S. Natural Gas Compressor Facility for Two Days
A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country's energy infrastructure over the past few years. ...
China’s Ping An Insurance Warns Coronavirus May Impact Business
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An's comments on the virus were ...
Swiss Re Hit With 2019 Profit Drop; P/C Combined Ratio Reaches 107.8
Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, ...
AXA XL Chooses Chubb Veteran Gunter as Its New CEO
AXA XL has hired a former Chubb Group senior executive as its new CEO. Scott Gunter, previously senior vice president of Chubb Group and president of Chubb's North America Commercial Insurance ...
Chubb Veteran Hopper to Join CNA as Chief Actuary After Haefner Retires
CNA's veteran chief actuary is retiring at the end of 2020 after 12 years at the insurer and 40 years in the property/casualty insurance business. Larry Haefner's retirement becomes official on Dec. ...
Argo Appoints Interim CEO Rehnberg as Its Full-Time Leader; New Board Chair Named
Argo Group International Holdings has appointed interim CEO Kevin Rehnberg to the job officially, capping what has been a tumultuous year for the Bermuda-based specialty insurer and reinsurer. ...