Global Economy
AIG’s Duperreault Blames ‘Go Large’ Strategy for Insurer’s Past Failures, Pledges 2019 Underwriting Profit
AIG President and CEO Brian Duperreault faced analysts on Valentine's Day looking both ahead and back. He elaborated on continuing steps taken to restore the struggling insurer to health, and what ...
Trōv Expands Into D.C. and Seven More States
Trōv said its on-demand online, single-item insurance products are now available in seven more states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, ...
Asia-Pacific Small Businesses Appear Over-Confident About Their Cyber Preparedness: Chubb
A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a new Chubb survey. Named "Too ...
Buffett’s Berkshire Hathaway Sheds Oracle Holdings, Trims Apple Stake, Adds New Investments
Warren Buffett's Berkshire Hathaway Inc. said it has trimmed its stake in iPhone maker Apple Inc., though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc. and ...
Uber Wants Dubai-Based Ridesharing Service That Insures Customers and Drivers
Dubai-based ride-hailing service Careem Networks FZ is looking for new ways to get ahead of main rival Uber Technologies Inc. in the Middle East. Careem launched an accident insurance program for ...
Lancashire Holdings Will use Lloyd’s Brussels Hub After Brexit Hits
Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd's of London's European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. ...
Britain’s Aviva Moves $10B Out of Country Due to Brexit Uncertainty
Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was "intensifying" as it joined other insurers and banks ...
APIW Names AXA XL’s Lyles as Insurance Woman of the Year
The Association of Professional Insurance Women (APIW) has announced that Kelly Lyles, chief executive, client and country management at AXA XL, has been selected as the recipient of the 2019 APIW ...