Markets
Allied World’s Investment Income, Combined Ratio Spiked Higher in Q1
First, the good news about Allied World's 2016 first quarter: investment income grew by nearly 20 percent. Many other things for Allied World Assurance Company Holdings AG, however, were on a ...
Catastrophe Exposure Grows with Selective Use of Alternative Capital: A.M. Best
Insurers in the London, Europe and Bermuda markets writing catastrophe-exposed business take a different approach to retention of risk at the 1-in-100-year return level in comparison to the ...
Insurer Develops Analytics Tool to Avert Workers Comp Fraud at Onset of Claim
Nearly a quarter of small business owners have installed surveillance cameras to monitor employees and avert workers compensation fraud, according to a 2015 poll by Employers. But organized crime ...
AmTrust Seeks to Boost Lloyd’s Presence With Latest Acquisition
AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd's affiliates for $218.7 million in cash. The seller is the Ontario Teachers' Pension ...
Ford’s Auto Partner in China Completes 1,200-Mile Self-Driving Car Test
Chongqing Changan Automobile Co., Ford Motor Co.'s partner in China, said it completed a 1,200-mile road trip to test a self-driving car as part of its ambitions to produce highly automated vehicles ...
Judge Clears PIMCO to Sue AIG Over Subprime Mortgage Losses
A federal judge on Monday cleared the way for Pacific Investment Management Co to pursue a California lawsuit accusing American International Group Inc of causing big losses by lying about its ...
Executives On The Move at The Hartford, Beazley and Liberty Mutual
The Hartford snared a former Zurich executive to help run its new, dedicated energy practice. Beazley brought on an ex-Gen Re senior vice president to lead new business and product development for ...
Federal Appeals Court Upholds NFL’s $765M Concussion Settlement
The National Football League's $765 million concussion settlement may not be perfect, but it's fair, a federal appeals court said. The decision sets in motion the resolution of thousands of lawsuits ...