Global Economy
XL Group CEO McGavick: In Q3, Catlin Merger Benefits Are Becoming Clearer
XL Group said it boosted net income and improved its property/casualty combined ratio during the 2016 third quarter, even as pretax natural catastrophe losses soared. CEO Mike McGavick asserted that ...
XL Group Restructures P/C Operations, Names Revamped Senior Leadership Team
Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of ...
U.S. Treasury to Banks: Provide Details on Cyber Attacks
The U.S. government on Tuesday told banks to include details about cyber attacks when filing mandatory reports on fraud and money laundering, saying that will help battle digital crimes that pose "a ...
Ironshore Adds Mandarin-Language Products, Services to M&A Unit
Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The ...
AIG’s Limits for Terror Cover Quadruple to $1 Billion
American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities. The previous limit was $250 million, ...
Online Sites From N.Y. to L.A. Crashed Friday in Hacker Web-Host Siege
Millions of internet users temporarily lost access to some of the world's most popular websites Friday, as hackers hammered servers along the U.S. East Coast with phony traffic until they crashed, ...
Typhoon Haima Hits China; Earthquake Strikes Eastern Japan
AIR Worldwide issued two new weather event updates, covering Typhoon Haima in the Philippines and China and an earthquake in Japan. After wreaking havoc with heavy rains in northern Luzon and ...
Western Insurers Slowly Rebuild Iran Business Ties
Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the ...