Markets
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best
Europe's top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. ...
St. Jude Medical Short Seller’s Heart Device Allegations Spur Lawsuit
St. Jude Medical Inc on Wednesday filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd, saying they intentionally disseminated false information ...
Mercedes Equips Electronic Van With Delivery Drones
Mercedes-Benz is looking at mounting automated flying drones onto a new line of electric vans as part of a 500 million-euro ($562 million) investment aimed at speeding delivery times for online ...
Allianz InsurTech Incubator Names Startup Vet as New CEO
Allianz X, a revamped division of Allianz focused on developing new InsurTech concepts and companies, has turned to a telecom industry startup expert as its new CEO. Peter Borchers is slated to ...
New Report Offers ‘Wake-Up Call’ About Ocean Warming
Ocean warming is "one of the greatest hidden challenges of our generation," says a new report issued this week at the World Conservation Congress. The report from the International Union for ...
VW Seeks to Keep Employee From Testifying in Irish Diesel Emissions Case
Volkswagen AG challenged the right of an Irish court to hear a case over cheating on diesel emissions tests as it fought to keep an employee from testifying for the first time in the scandal. Paul ...
Qatar Re Surges Along With Soaring Middle East/North Africa Reinsurance Market: A.M. Best
Qatar Re tops A.M. Best's tally of the biggest Middle East and North Africa reinsurers in 2015, capping major growth for the carrier that has run in tandem with a significant expansion of the larger ...
European Aviation Industry Urges Stricter Drone Regulations
Aviation associations representing airlines, pilots and airports across Europe called on Monday for mandatory registration and training of drone users following a number of near-misses between the ...