Commercial Lines
EU, UK, Near Agreement on Faster-Paced Brexit Talks
The European Union's chief Brexit negotiator said he's ready to intensify the pace of talks with the U.K, as the window of opportunity to begin trade talks this year is closing. "I'm ready to speed ...
Investors Press U.S. Drug Companies to Review Opioid Legal, Financial, Reputational Risks
U.S. shareholder activists are addressing the soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from ...
Ebix Will Pay $74.9M for Via, an Online Travel/E-Commerce Exchange
Ebix Inc. said that one of its Singapore subsidiaries will acquire Via.com, an Omni-channel online travel and assisted e-commerce exchange. The price tag: $74.9 million. Ebix, a provider of on-demand ...
Executives On The Move at AIG and Swiss Re
A former AIG executive has returned to the insurer to take on a newly-created role. Swiss Re's Corporate Solutions unit appointed a new executive with a North America focus. *** Chris Townsend will ...
Etherisc, an InsurTech Startup, Is Marketing Blockchain-Based Flight Delay Insurance
Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance ...
AIG’s Newly-Acquired Tech Subsidiary Now Known as ‘Blackboard’
"Blackboard," is the new name for American International Group's technology-focused subsidiary formerly known as Hamilton USA. Hamilton USA was part of Hamilton Insurance Group, but AIG announced ...
U.S. SEC Alleged to Wrongly Collect $14.9B From Investment Firm’s Liquidating Trustee
The U.S. Securities and Exchange Commission has been hit with a class action lawsuit seeking to recover $14.9 billion that lawyers for an investment firm's liquidating trustee say should not have ...
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...