Commercial Lines
Brexit Uncertainty Leads to Shrinking Demand for Britain’s Financial Sector
Uncertainty over Brexit and the economy have led demand for Britain's financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business ...
Opinion: Calling Out Cyber Attackers Could Give Insurers Reason to Deny Claims
The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the ...
Arch Warns Q4 Pretax Cat Losses Could Reach $130 Million
Arch Capital Group Ltd. is warning that it faces between $110 million to $130 million in pretax catastrophe losses for the 2018 fourth quarter. The Bermuda-based insurer and reinsurer blamed the ...
Global Reinsurance Capital Remains Resilient Despite Huge Cat Losses: Aon
Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to $595 billion from $605 billion in 2017, remaining resilient in the face of insured natural ...
Iran Suspected Culprit Behind Hack Attacks on Govt., Communications Infrastructure
Cyber attackers in Iran could be behind a wave of hacks on government and communications infrastructure that will require a coordinated global response to repel, according to cybersecurity firm ...
Two InsurTechs Chosen to Represent North America in Zurich Innovation World Championship
Zurich North America chose two InsurTech companies to represent North America in its first-ever Zurich Innovation World Championship. Chisel, based in Toronto, is an AI-based provider of products and ...
The Latest Launches From Swiss Re and AXA XL
Swiss Re Corporate Solutions said it is debuting parametric water-level insurance. AXA XL Risk Consulting disclosed it is using artificial intelligence (AI) to boost its property risk engineering ...
Most Commercial Lines Saw Q4 Rate Hikes; Workers Comp, Not So Much
Most commercial insurance lines experienced rate increases for the 2018 fourth quarter, with workers compensation continuing to serve as a notable exception, according to the latest IVANS index ...