Global Economy
AIG Scores a Fitch Ratings Affirmation and Swiss Re Deal
Fitch Ratings gave American International Group a small bit of good news, even as the property/casualty insurance giant struggles to reorganize, respond to profitability declines and deal with ...
U.S. Tornadoes Hit Seven-Year February High: Aon Report
Losses from severe storms and tornadoes that struck much of the U.S. in February could amount to more than $1 billion, including hundreds of millions of dollars of damages that will probably be ...
Apple Ransomware Attack Contained; More Mac Attacks Likely
The first known ransomware attack on Apple Inc.'s Mac computers, which was discovered over the weekend, was downloaded more than 6,000 times before the threat was contained, according to a developer ...
QBE Inks Analytics Outsourcing and Insurance Agent Specialty Coverage Deals
QBE Insurance forged two separate deals that will allow it to outsource analytics work as well as launch specialty coverage for insurance agents and brokers. As far as the analytics arrangement, ...
Allianz Will Reportedly Sue VW Over Share Drop
German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker's diesel emissions scandal, a source familiar with the situation told Reuters. If ...
Executives On The Move at Ironshore, Liberty Mutual, Selective, and More
Ironshore International added a new underwriting manager to help build up its terrorism coverage in Asia Pacific. Selective Insurance's CFO is retiring. Liberty Mutual and Sompo Canopius AG promoted ...
Beazley Reports 60 Percent Surge in Data Breach Cases for 2015
For those tracking the continued surge of data breaches and other cyber crimes, a report by specialty insurer Beazley offers a stark example of how serious the problem has become. Beazley, a major ...
SCOTUS Rejects AIG Bid to Recoup Foreign Tax Credits
The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to ...