Emerging Markets
Global Regulators Propose Stricter Banking Rules to Address Cyber and Fraud Risks
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the ...
Liberty Mutual Ended 2015 Bruised by Catastrophe Losses
Liberty Mutual Insurance ended 2015 in the black, but higher losses from catastrophes and other hits hurt its performance during the year. Parent Liberty Mutual Holding Co. booked $411 million in net ...
Few Rideshare Drivers Have Insurance, But Interest Is Growing
A large portion of rideshare drivers do not have the required insurance—but more are buying it or seem to be more interested in it. According to a recent survey by the Rideshare Guy, roughly 1 in 5 ...
Executives On The Move at Chubb, American Modern, Zurich Insurance and More
Munich Re's American Modern Insurance Group is getting a new CEO. Chubb named new executives in its Asia Pacific region. Zurich Insurance has its latest chief underwriting officer for general ...
Many Insurers See Google as Potential Threat: Report
More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly ...
Ex-American Modern CEO Rios Will Lead South African Insurance Group
When Manny Rios left his job as CEO of Munich Re's American Modern in August 2015, his next steps were a mystery. Now we know: He's become the leader of a South African insurance group Telesure. The ...
XL Group Looking to Switch Corporate HQ from Ireland to Bermuda
XL Group's $4 billion merger with Catlin in 2015 has led the insurance and reinsurance giant to look at its second change of incorporation in six years. The Ireland based holding company for XL ...
XL Catlin Doubles Available Limits for Standalone Terrorism Coverage
XL Catlin said it has doubled available limits for its standalone terrorism coverage and added other bells and whistles in what it described as a market response to new attacks in cities and schools ...