Global Economy
Blockchain Insurance Broking Deal Arrives in Bitfury/Risk Cooperative Tie-Up
U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance ...
Executives On The Move at The Hartford and Hamilton Insurance Group
The Hartford promoted a long-time executive to become its new chief risk officer, succeeding another veteran leader who is retiring. Hamilton Insurance group promoted and added new responsibilities ...
UK Insurer Aviva Will Launch Cyber Insurance for Small Businesses
British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its ...
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
Neon Acquires Sapphire Underwriters, Gains Local Offshore Market Presence
Neon, the specialist Lloyd's insurer, has acquired Sapphire Underwriters from Heritage Group for an undisclosed price. In acquiring Sapphire, Neon (formerly Marketform) is getting a UK-based Lloyd's ...
The Latest Launches From Chubb, CNA, Allianz Global Assistance and More
Chubb boosted its insurance capacity for terrorism, political violence and war risks. CNA launched a new Affinity Programs unit within its specialty arm. Allianz Global Assistance will team with ...
Trump Administration Lays Out Proposed Overhaul of Bank Rules
The Trump administration laid out its highly anticipated plan for overhauling bank rules, calling on the government to ease, though not eliminate, many of the strictures that were imposed on Wall ...
China’s Anbang Insurance Says Chairman Can’t Perform Duties; Reportedly Detained for Questioning
Anbang Insurance Group Co., the Chinese company that was at the forefront of a global acquisition spree before abruptly reversing course, said Chairman Wu Xiaohui is unable to perform his duties for ...