Markets
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...
XL Strikes Deal With RGA Ceding Most Remaining Life Re Biz
XL Group plc and Reinsurance Group of America, Incorporated separately announced a reinsurance deal in which XL's subsidiary, XL Life Ltd. will ceded a block of U.S. term life reinsurance treaties to ...
Small-Business Insurers Looking to Direct Channel: Deloitte Survey
The small-business segment is a market in transition, with a number of insurers starting to follow the lead of their personal auto counterparts by seeking to sell direct to customers rather than ...
Icahn Unlikely to Oust Hancock From AIG: Analyst
Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter ...
Warning to U.S. P/C Insurers: Be Ready for a Disruptive, Transformative 2016
U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand, and "heightened regulatory creep," EY said in a new ...
Allianz Revving Up North America Motorsports Coverage for New Year
In the U.S., motor racing is a surging business attracting increased attention and spending. Allianz Global Corporate & Specialty wants a piece of the action, and expects to launch a dedicated ...
The Latest Launches from Ironshore, Allied World, Navigators and More
Ironshore, Allied World, Navigators Group and Aon Benfield all have new products this week. *** Ironshore International is rolling out a hybrid insurance product designed to address clients such as ...
German Auto Supplier Sued Over Alleged Role in VW Diesel Emissions Scandal
German auto supplier Robert Bosch GmbH has been accused of conspiring with Volkswagen AG to evade diesel emissions standards in at least 11 million vehicles worldwide in a class action lawsuit filed ...