Commercial Lines
Swiss Re Predicts More M&A Due to New Regs and Capital Surge
New regulations and an influx of alternative capital will spur more mergers and acquisitions in the insurance industry, Swiss Re AG said. "We expect to continue to see a certain shakeout in the ...
Cyber Risk Shortfall: Company Property Assets More Broadly Protected Than IT
A new industry survey underscores how companies aren't yet adequately covering their information technology risks, even as as cyber vulnerabilities rapidly become more costly and serious. Among the ...
Building Advanced Analytical Capabilities to Deliver Business Value
In the words of XL Catlin CEO Mike McGavick, we face "the imperative for robust use of advanced data and analytics." It's an imperative that XL Catlin has taken very seriously, for several reasons. ...
Insurity Grabs Oceanwide in Bid to Build Bigger P/C Industry Software Provider
A Connecticut company that supplies software, data processing and analysis for property/casualty insurers and agents has snatched up a Canadian rival in a bid to diversify. Insurity said it has ...
First Licensed Autonomous Freight Truck Hits the Road in U.S.: Daimler
In a ceremony at Hoover Dam last week, Daimler Trucks North America (DTNA) unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an ...
XL Catlin Chooses Ex-Citibank CEO as Board Chairman
XL Catlin has chosen a former Citibank CEO as its new, post-merger chairman of the board. Eugene McQuade will fill the top board slot after having served as a director with parent XL Group since ...
Driverless Car Tests Marred by Accidents in California
Four of the nearly 50 self-driving cars now rolling around the state of California have gotten into accidents since September, when the state began issuing permits for companies to test them on ...
Asia Anticipates Crop Damage as El Nino Emerges
In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on ...