Global Economy
The Latest Launches From Neptune Flood, Apollo Insurance Solutions and Cape Analytics
AXA XL and Neptune Flood inked a deal that will help more than double Neptune's capacity nationally. A Canadian digital insurance marketplace, has entered the American market with a liability ...
UK Insurer RSA Returns to Earlier Commercial Lines Organizational Structure
RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows ...
J&J Must Pay at Least $37.2M to Plaintiffs Who Blamed Cancers on Talc Powder
Johnson & Johnson must pay at least $37.2 million to four consumers who blamed asbestos-tainted talc for their cancers in the company's latest loss in nationwide litigation over its iconic baby ...
China-Owned Insurer Helps Soften Trade War Hits for Exporters and Importers
As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers ...
China’s Anbang Insurance Group Sells off Luxury Hotels, Keeps Original Waldorf Astoria
Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio to South Korea's Mirae Asset Management Co., marking the end of the Chinese insurer's short-lived investment in the properties. ...
Benefits Abound With Investments in Climate Change Adaptation
Investing $1.8 trillion between 2020 and 2030 in projects to help communities adapt to the worsening impacts of climate change could yield $7.1 trillion in economic benefits, according to a report ...
Executives On The Move at AXA XL, Guy Carpenter and Aspen
AXA XL hired a Zurich veteran to lead a Captive Practice in Canada. Guy Carpenter & Co. named a new chairman. Aspen Insurance Holdings Ltd. appointed its latest chief information officer.
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
Cyber Insurance Loss Risks Are Now Substantial: Guy Carpenter/CyberCube Research
As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential ...