Global Economy
Ex-Gen Re Exec Englesbe Signs on With Arch Capital Group as Chief Risk Officer
A former Gen Re executive will join Arch Capital Group Ltd. as its new chief risk officer. Janice Englesbe will also have the title of senior vice president and was to begin in her new role on Feb. ...
Lloyd’s Chairman Carnegie-Brown Reflects on Life of Former Chairman Rowland
Bruce Carnegie-Brown, chairman of Lloyd's, issued this market bulletin on Feb. 18, 2019 about the life and death of Sir David Rowland, who was chairman of the market between 1993 and 1997. It is with ...
‘Sextortion’ Is Yet Another Emerging Cyber Risk for Businesses to Worry About: Beazley
A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers, ...
Swiss Re’s 2018 Net Income Jumps 27 Percent
Reinsurer Swiss Re on Thursday posted a 27.2 percent jump in 2018 net profit, despite claims from large-scale natural catastrophes and man-made disasters. Net profit for the full year came in at $421 ...
AXA IPO Costs, Natural Disasters Ding 2018 Net Profit
Net profits at AXA, Europe's second biggest insurer, fell sharply as a result of charges related to its U.S. unit's initial public offering (IPO) and a spate of natural disasters, although AXA hoped ...
Insurers Remain Wary of Exchange-Traded Funds, Despite Rule Change
Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren't using ETFs more ...
2018 ILS Issuance Comes Close to Record, but Q4 Slowed Down: Swiss Re
Insurance-linked securities reached their second-highest issuance levels ever in 2018, though the fourth quarter ended with a whimper. Total issuance for the year reached $9.7 billion through 29 ...
Allianz Mulls 2019 Share Buyback Slowdown to Finance Acquisitions
Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group's finance chief said on Friday after reporting a 19 ...