Commercial Lines
Teen Reportedly Hacks Apple Mainframe; Company Reassures Customers
Apple Inc said on Friday no customer data was compromised after Australian media reported a teenager had pleaded guilty to hacking into its main computer network, downloading internal files and ...
Banks Strengthen Security After ATM Cyber Attack Plot Warning From FBI
Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. "The FBI routinely advises private industry of ...
Allstate Handled $262M in Pre-Tax Cat Losses for July
The Allstate Corp. said it booked $262 million in estimated pre-tax catastrophe losses for July. Losses stemmed from 15 events. Two severe hail events in Colorado and other states plus the Carr Fire ...
Global Insured Catastrophe Losses Improve in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were $20 billion, down from $30 billion in H1 2017, according to Swiss Re Institute's latest sigma ...
QBE Insurance Rises in an H1 Featuring Fewer Disasters
Australia's QBE Insurance Group Ltd posted a better-than-expected 4 percent rise in first-half profit, helped by fewer natural disasters in its biggest markets, sending its shares up almost 9 percent ...
Liberty Mutual’s Safeco Will Assume QBE North America’s Personal Insurance Business
QBE North America will transfer its North America personal insurance policies sold through independent agents to Safeco Insurance, leaving the specialist insurer to focus on its core commercial ...
Executives On The Move at Slice Labs, AXIS Capital Holdings and Sompo International
Startup Slice Labs is bringing on a chief growth officer. AXIS Capital Holdings Ltd. appointed a former Partner Re executive to a newly created executive position. An ex-Swiss Re executive is joining ...
The Latest Launches From Marsh and AmWINS
Marsh debuted a new insurance product designed to help small and midsize law firms in England and Wales manage their professional indemnity risks. The insurance wholesale brokerage AmWINS Group ...