Global Economy
Executives On The Move at AXIS Capital Holdings and Guy Carpenter
An AIG veteran is joining AXIS Capital Holdings as its new head of Investor Relations. Guy Carpenter & Company appointed a new managing director and senior broker for its UK non-marine ...
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...
Europe’s Fledgling Cyber Insurance Market Stands to Gain From New Privacy Rules
Data privacy rules coming into force this week are giving Europe's fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. ...
AmTrust’s Proposed Privatization Attracts Another Opponent: Shareholder Arca Capital
The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services ...
NAIC Panelist: Catastrophe Modeling Is in Demand, Well Beyond P/C Insurance
Catastrophe modeling is going mainstream, well beyond the world of property/casualty insurance underwriting. It is becoming a necessary tool as consumers and the municipalities in which they live ...
Another Tesla Crash Involving Autopilot Gets U.S. Regulatory Scrutiny
Tesla Inc. confirmed to police that another of its vehicles crashed with a driver using Autopilot, and the incident triggered more scrutiny by federal regulators. Technicians at the electric-car ...
The Latest Launches From W.R. Berkley Corp., XL Catlin and Hartford Steam Boiler
W.R. Berkley Corp. unit Berkley One is partnering with a provider of identity theft and data defense services for a new coverage endorsement. XL Catlin now offers an insurance package designed for ...
Hackers Target Mexico Banks; $15M Reportedly Siphoned From Five Companies
Mexico's central bank said on Wednesday that a cyberattack had sucked around 300 million pesos ($15.33 million) in fraudulent transfers from five companies, but it was unclear how much thieves had ...