Global Economy
Beazley Warns of $150M Profit Hit From Hurricanes, Mexico Earthquakes
Lloyd's of London insurer Beazley said on Friday it reckoned that its losses from hurricanes Harvey, Irma and Maria in the Caribbean and southern United States and a series of earthquakes in Mexico ...
AIG Reportedly to be Freed From U.S. Systemic-Risk Designation
U.S. regulators are planning to release American International Group Inc. from the special government oversight ordered for the insurer after its central role in the 2008 financial crisis, according ...
US. Senators Announce Deal on Self-Driving Car Legislation
Two U.S. senators said late on Wednesday that they had reached a bipartisan deal on legislation aimed at easing hurdles to getting self-driving cars to drivers. U.S. Senator John Thune, a Republican ...
Chubb Inks Multiyear Distribution Deal With Asia’s DBS Bank
Chubb inked a new multiyear distribution deal with DBS Bank, a financial giant that will give it even deeper market penetration in Asia. The agreement calls for Chubb to distribute general insurance ...
Workers Comp in 2016: Record High Premiums, Slower Growth
The workers' compensation industry reported a record high $58.5 billion in direct premiums written in 2016 but year-after-year growth slowed for the first time in five years. Growth deceleration was ...
Lloyd’s Likely Left With $4.5B in Harvey, Irma-Related Net Losses
Lloyd's of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer's capital and hit its profitability. Although losses from natural ...
London-Based Insurers Seeking Post-Brexit EU Licenses Warned About Gaming System
London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to game the system, the bloc's insurance watchdog said. Insurance ...
Promoting the Wrong Person Can be Right for Your Company
Consider this: Sometimes it can be in a company's best interest to promote the wrong person for the job. Yes, that sounds counterintuitive, and a new blog posting based on research by Daniel Barron ...