Global Economy
FAA Loosens Some Requirements for Commercial Drone Permits
Commercial drone operators will have an easier time using and testing their devices in the U.S. after the Federal Aviation Administration said it has loosened some requirements for obtaining ...
Longtime Canopius Exec Plans to Retire in June
A longtime Canopius Group Ltd. executive is retiring, even as the global specialty reinsurer now owned by a Japanese insurance giant gears up for a U.S. expansion. James Giordano, executive chairman ...
ACE Unveils Enhanced Clinical Trial Coverage for U.K.-Based Life Sciences Companies
ACE Group is unveiling expanded clinical trials liability coverage for U.K.-based life sciences companies, a product designed to cover their studies conducted around world. The new enhanced clinical ...
Marsh: Demand For Transactional Risk Insurance is Surging Globally
The use of transactional risk insurance surged around the world in 2014, thanks to record demand in both mature and emerging markets from clients seeking to protect their corporate deals, according ...
ACE, BlackRock Want Up to $1.3B For New Bermuda Reinsurance Venture
BlackRock Inc., the world's largest money manager, and Evan Greenberg's ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion. The business is named ABR ...
Western U.S. Drought Pressures Expected to Intensify
Drought pressures will increase in California and western areas of the United States this spring even as the dry season begins, the government's Climate Prediction Center said on Thursday. "Periods ...
Bank of England Promises Fair Use of Solvency II Insurance Rules
The Bank of England said on Friday that it would apply new European Union insurance regulations "proportionately," following industry fears that the central bank might seek to add extra rules for ...
Zurich Exec to Senate Subcommittee: Industry Needs National Cyber Threat Database
Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, ...