Global Economy
Generali Takes on AXA With Debut of New Art Insurance Unit
Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ...
Allianz, Microsoft Partnership Seeks Industry Transformation Through Open-Source Software
Allianz SE and Microsoft Corp. are partnering to reimagine the insurance industry experience for carriers and customers, in part through greater use of digital technology and the cloud. Their ...
Insurance Premiums Will Grow 3 Percent Despite Economic Slowdown: Swiss Re
Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising loss costs will fuel ...
Lloyd’s Lab Initiative Spurs New Praedicat Peril Casualty Insurance Product
Praedicat Inc., a Los Angeles-based liability risk analytics software company, said it is developing a new insurance product to help global industrial companies secure coverage for innovative and ...
Some Argue Blockchain Enthusiasm Is Fading Quickly
For a technology that was supposed to transform and solve seemingly every problem in the world, the enthusiasm is fading pretty quickly. Blockchain, the underlying technology that powers ...
Sexual-Harassment Whistle-Blower Sues Lloyd’s Insurer Tokio Marine Kiln
A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd's of London insurance company is suing his employer for what he called a campaign of harassment, racial ...
Executives On The Move at Guy Carpenter and Munich Re
Guy Carpenter made a number of executive appointments to strengthen its operations in Bermuda. Munich Reinsurance America chose a new chief financial officer. *** Guy Carpenter & Co. made several ...
Mexico’s State Oil Firm Hampered by Ransomware Attack
A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers' latest bid to wring ransom ...