Markets
A.M. Best, SNL Financial Settle Copyright Infringement Suit
A.M. Best Company has resolved a copyright infringement lawsuit against SNL Financial dating back to 2011. Neither side is disclosing detailed terms of the confidential settlement, which addresses ...
Brexit Fallout: Allianz Economist Urges U.K. to Develop Credible ‘Plan B’
Britain's politicians must urgently get their act together after the Brexit vote and, if they fail to come up with a credible "Plan B" with a free trade agreement, sterling could fall towards parity ...
VW Will Avoid Germany Cheating Fines; Customers Balk
Volkswagen AG is set to escape fines from the German government even after cheating on emissions tests for years, reflecting a softer political stance that's increasingly drawing ire following a ...
Executives On The Move at Ironshore, Swiss Re, BHSI and Kemper
Berkshire Hathaway Specialty Insurance hired two former Chubb executives to roll out new insurance coverage in Australia. Swiss Re Corporate Solutions promoted an executive on the rise. Ironshore ...
American Financial Pitches ‘Best and Final’ Offer to National Interstate
American Financial Group is trying again, upping its bid one last time to acquire the remaining common shares of National Interstate Corp. that its subsidiary doesn't already own. Great American ...
Colorado State Hikes Atlantic Hurricane Forecast Up to 15 Storms
Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year. The new prediction is that six of those storms will become hurricanes and two ...
New Gen Re CEO Raiguel Strikes Broker Deal With TransRe
Gen Re, the unit of Warren Buffett's Berkshire Hathaway Inc. that appointed a new chief executive officer in May, struck a deal with a rival reinsurer to help revive sales. Alleghany Corp.'s TransRe ...
H1 Cat Bond Issuance Drops in Sign of Possible Market Change
Catastrophe bond issuance in the first half of 2016 dropped substantially compared to the same period a year ago, according to a new report from the Property Claims Services unit of Verisk Insurance ...