Global Economy
Autonomous Cars (and Their Hacking Risks) Move Insurance Liability to Manufacturers
Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to ...
ACE Fleshes Out Post-Chubb Merger North American Executive Team
ACE Ltd. has fleshed out the leadership team for its post-merger North America business units and major product lines. The crew set to take charge once ACE's $28.3 billion acquisition of The Chubb ...
PartnerRe Names President; Acquirer EXOR Approves
PartnerRe, in the process of being acquired by the Italian investment firm EXOR, has had an interim leader for months. The Bermuda-based reinsurer has finally addressed this, naming a new president ...
RSA Selling Latin American Operations to Suramericana SA for $620M
RSA Insurance Group plc, which received a takeover approach from Zurich Insurance Group AG, agreed to sell its Latin American operations to Suramericana SA for about 403 million pounds ($620 million) ...
Allianz & Maiden Keep Automotive OEMs in Sight With Expanded Insurance Partnership
Allianz is expanding its alliance with Maiden Holdings with a goal of bringing new insurance coverage to automotive original equipment manufacturers and their customers. Neither side is disclosing ...
Executives On The Move at Zurich, Hiscox and More
We have a number of promotions and new hires to tell you about at Zurich, Generali, Hiscox and Preferred Mutual. *** Zurich Insurance Group is bringing in a new CEO to run its general insurance ...
U.S. Reportedly Drafting Potential Sanctions Over China Hacking
The Obama administration is drafting an escalating series of actions, including economic sanctions and curbs on doing business in the U.S., to punish China and other nations that persist in hacking ...
Drought’s Economic Damage Went Global in August: Aon Benfield
Severe drought in the western U.S. caused economic losses in August of at least $3 billion, mostly from agricultural damage in California, Aon Benfield's Impact Forecasting said in a new report. ...