Commercial Lines
Insurers Lead The Pack in Appointing Chief Digital Officers
Insurers – both from the property/casualty and life sectors – are far ahead of other industries in appointing a chief digital officer, according to Strategy&, PwC's strategy consulting ...
Reinsurance Rate Declines Continue With No Bottom in Sight: S&P
The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor's ...
Ex-Uber CEO Alleged to Know Engineer Possessed Google Driverless Car Info
Ousted Uber Technologies Inc. head Travis Kalanick learned early last year that the engineer who until recently oversaw the company's driverless car project possessed discs of information from ...
American Express Boosts Next Insurance’s Series A Round to $35M
Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. ...
FBI: Cybercrime Losses Reached $1.33B in 2016, a 24 Percent Rise
Losses from cyber crimes rose 24 percent in 2016 to over $1.33 billion, according to a report by the Federal Bureau of Investigation's Internet Crime Complaint Center (IC3). The center, which was set ...
Heat Wave Prevents Dozens of Planes From Flying in Phoenix
Summer heat can make even the hardiest people wilt and collapse into a pool of sweat. The same is true for the Bombardier Inc. family of regional jets—it can become too hot to fly them when the ...
QBE Cautions Emerging Markets’ Division Hammered by Higher Claims
Sydney-based QBE warns that its Emerging Markets' division has experienced an unexpected surge in claims from January through May due to multiple factors. As a result, this division is expected to ...
Executives On The Move at XL Catlin and JLT Specialty USA
XL Catlin brought on two new executives from Chubb and CNA to help support continued expansion of its inland marine field operations. JLT Specialty USA made a number of key appointments and ...