Global Economy
Executives On The Move at JLT Specialty USA, Markel and Assurant
JLT Specialty USA hired a new executive as its vice president, Global Service Team. Specialist insurer Markel International brought on a new Singapore-based political risk underwriter. Assurant, a ...
AIG Execs: Cyber Insurance Demand Will Soar in China, Asia Following WannaCry Attack
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at ...
Bulk of July Natural Disasters Slam Asia; Damage Tally Surpasses $10B
The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report ...
Leaked Federal Climate Reports Could Slow Rollback of Federal Regulations
A pair of highly anticipated government studies, one of them due to be released this week, could complicate President Donald Trump's effort to roll back federal climate regulations, according to ...
Wells Fargo, National General Face CA Regulatory Scrutiny in Auto Insurance Scandal
California will investigate whether Wells Fargo & Co and an insurance company harmed hundreds of thousands of residents by selling them insurance they did not need, the state's insurance ...
Generali Will Sell Panama Business to ASSA for $172M
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for $172 million, continuing its strategy to focus on core businesses. Under the transaction, ...
U.S. Army Abandons Use of Chinese-Made Drones Due to Cyber Vulnerability Worries
The U.S. Army has ordered its members to stop using drones made by Chinese manufacturer SZ DJI Technology Co Ltd because of "cyber vulnerabilities" in the products. An Aug. 2 Army memo posted by sUAS ...
The Latest Launches From Chubb, LexisNexis and The Hartford
Chubb said it beefed up its family office portal with a number of new features. LexisNexis is hoping to propel global expansion of insurance telematics with the addition of a multi-language ...