Emerging Markets
As Active Shooter Incidents Increase, Industry Addresses Coverage Gray Area
There's a new insurance market emerging in light of a disturbing reality in today's world: active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave ...
Liberty Mutual Boosts Ownership Stake in India Joint Venture
Liberty Mutual Insurance Group is increasing its share of an India joint venture to 49 percent. The move takes advantage of growth potential in a key emerging market, as well as new regulations in ...
Executives On The Move at The Hanover, Allied World and Great American
A major executive at The Hanover Insurance Group is moving on. Allied World picked a new head of its Malaysia operations. Great American promoted an executive on the rise. *** The Hanover Insurance ...
Insurance Groups and Others Urge China to Revise Draft Cyber Rules
In a letter addressed to Chinese Premier Li Keqiang, 46 global business groups spanning finance, information technology, insurance and manufacturing urged Beijing to revise its draft cyber rules, ...
Zurich Taps Another Generali Executive, This Time for Asia Pacific Region
Zurich Insurance Group has tapped a former Generali executive to run its Asia Pacific operations, six months after it recruited Mario Greco from the Italian insurer to become its new CEO. Jack Howell ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...
D&O Market Booms in Brazil as Corruption Probes Mount
Insurers who sell policies limiting executives' liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro ...
New Spyware Targeting Firms in Russia, China and Elsewhere: Symantec
A previously unknown hacking group variously dubbed "Strider" or "ProjectSauron" has carried out cyber-espionage attacks against select targets in Russia, China, Iran, Sweden, Belgium and Rwanda, ...