Commercial Lines
Global Network for Bank Money Transfers Aware of Many Cyber Fraud Incidents
SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday that it was aware of "a number of recent cyber incidents" where attackers ...
Munich Re’s Q1 Profit Warning Drives Down Shares
Munich Re, the world's second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be ...
Duperreault Speaks: Hamilton CEO on His New Joint Venture With AIG and Two Sigma
Brian Duperreault began his career at AIG more than 30 years ago and rose through the ranks before moving on to other things. That history arguably came in handy earlier this year, when the chairman ...
QBE North America to Offer Equipment Breakdown Enhancement
QBE North America is enhancing its equipment breakdown coverage with the first equipment breakdown and technology insurance to cover losses resulting from microelectronic failures. Most equipment ...
Auto Insurance Premiums Could Collapse as Driverless Cars Take Hold
The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people each year killed in ...
Warren Buffett’s ‘Woodstock for Capitalists’ Will Debut Online Video Streaming
For years, most Berkshire Hathaway Inc. shareholders had to fly to Omaha, Nebraska, pay jacked-up hotel rates and line up early on a Saturday to hear Warren Buffett at the company's annual meetings. ...
AIG, Hamilton, Two Sigma Target Small Commercial Enterprise Market with New Joint Venture
American International Group, Inc., Hamilton Insurance Group, Ltd., and affiliates of Two Sigma Investments, LP plan to jointly develop and launch a technology-enabled, customer-centric insurance ...
ACE/Chubb Merger Makes it a Major U.S. P/C Player: Fitch
The massive $29.5 billion ACE/Chubb merger in 2015 vaulted the combined company to seventh place in the U.S. property/casualty insurance market. But the remaining top 10 rankings saw few other ...