Global Economy
Meteorologists: Signs Suggest 2017 Atlantic Hurricane Season Will be Normal
Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect ...
Clunky M&A Deals Are Spurring Uptick in Insurance Claims: AIG Study
Faulty mergers and acquisitions have spurred an uptick in insurance claims as dealmakers overstated profits or breached accounting rules, insurer American International Group Inc. said in a study of ...
Global Insurance Industry Set for Solid Growth in 2017 and 2018: Munich Re Forecast
The global insurance industry is set to grow more strongly an average 4.5 percent annually during 2017 and 2018, according to Munich Re. The number is 3 percent when adjusted for inflation. While ...
UK Investigates Aon, JLT, Marsh and Willis Towers Watson Over Aviation Business
Britain's financial watchdog is investigating four large insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. ...
Hamilton CEO Duperreault Emerges as Rumored AIG CEO Candidate
American International Group Inc. is weighing a plan to hire Brian Duperreault as the company's seventh chief executive officer since 2005, according to people familiar with the board's ...
The Latest Launches From Beazley/Munich Re and Allied World
Beazley and a division of Munich Re have linked up to help bring innovation and capacity to the large cyber market. Allied World Assurance Holdings is adding drone services to its risk management ...
Expect Technology to Become Significant Driver of Future Liability Claims: Allianz Report
Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a ...
XL Catlin Ups Terrorism Insurance Coverage Limits by 25%
XL Catlin said it has boosted available terrorism insurance coverage units by 25 percent in an effort to keep up with demand. Limits are now at $250 million, up from $200 million, the insurer and ...