Global Economy
Lloyd’s Chairman to Reinsurers: Target Brokers’ Fees to Cut Costs
Reinsurers, forced to cut prices for four years in a row, should target brokers' fees as the industry seeks to reduce costs, according to Lloyd's of London Chairman John Nelson. The brokers need to ...
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
Liberty Mutual Debuts Insurance Service for Amazon’s Alexa Voice-Controlled Device
Now shopping for insurance is simpler than ever. Just speak up. Liberty Mutual Insurance has launched the first insurance-focused service for Amazon's Alexa, a voice-controlled device that plays ...
Has the Reinsurance Cycle Reached Bottom? Opinions Vary at the Rendez-Vous
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year's reinsurance ...
U.S. Appeals Court Revives JPMorgan Chase Whistleblower Lawsuit
A federal appeals court on Monday revived a former JPMorgan Chase & Co private banker's whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client ...
Suit Alleges Samsung, LG Suppressed Wages in Anti-Employee Poaching Deal
LG Corp. and Samsung Electronics Co. were accused in a lawsuit of conspiring to suppress wages by agreeing not to recruit each other's employees in Silicon Valley, where allegations of no-poaching ...
Lloyd’s Chairman: Many Companies Waiting to Join, Undaunted by Brexit
The Lloyd's of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain's vote to leave the European Union casts doubt over its European ...
The Latest Launches From Allianz, RMS, Willis Re and More
Allianz Global Corporate and Specialty added a new company to its panel of experts that helps businesses minimize post cyber-attack damage. RMS unveiled a new exposure analytics product. Willis Re is ...