Global Economy
J&J Talc/Cancer Trial Verdict Opens New Front in Litigation
A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were ...
The Latest Launches From XL Catlin, Great American, Marsh and Ironshore
XL Catlin beefed up its professional liability policy for U.S. design professionals with two new enhancements. Great American Insurance Group created a new division focused on the E&S space. ...
Typhoon Hato Intensifies, Creating ‘Considerable Threat’ for Hong Kong
Hong Kong was preparing to shutter businesses as Typhoon Hato drew closer to the city, with Cathay Pacific Airways Ltd. scrapping flights and the local observatory warning it may raise the ...
Jury Orders J&J to Fork Over $417M in Talc Cancer-Risk Trial
A California jury on Monday ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby ...
HDI Global Insurance Forms E&S Subsidiary
Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will "bring European expertise and solutions" to the ...
North America Rebounds in QBE’s H1; Emerging Market Results Tank
QBE reported a healthy profit hike during the first half of 2017, despite heightened claims activity in its Emerging Markets' division, which reported a combined ratio of 110.8 percent. This poor ...
Verisk Analytics Commits $322.7M to Buy UK Software Firm Sequel
Verisk Analytics plans to acquire Sequel for $322.7 million, a deal that will give it a UK-based software firm focused on complex commercial and specialty insurance. Sequel is currently owned by ...
Executives On The Move at Swiss Re and Great American
Swiss Re's Corporate Solutions arm chose an executive to lead its new global Contingency and Sports Personal Accident team. Two executives formerly with XL Catlin have joined Great American Insurance ...