Markets
U.S. Senate Begins Debate Over Controversial Cyber Security Bill
The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern ...
Incoming Travelers CEO Schnitzer Promises ‘Thoughtful and Deliberate’ Leadership Steps
Incoming Travelers CEO Alan Schnitzer is assuring investors that he will be "thoughtful and very deliberate" about next steps for the property/casualty insurance giant when he takes over on Dec. 1. ...
Willis Re Aims to Fill Catastrophe Model Gaps
Willis Re, the reinsurance division of Willis Group Holdings plc, is aiming to enhance its clients' understanding of catastrophe risk with its own views of both modeled and unmodeled risks, the ...
U.S. Security Firm Accuses China of Hacking Even After Cyber Pact
Hackers associated with the Chinese government have tried to penetrate at least seven U.S. companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial ...
Travelers Nudges Q3 Net Income Higher, Combined Ratio Lower
The Travelers Cos. nudged net income slightly higher, the combined ratio dipped a healthy amount and net written premiums reached record levels during the 2015 third quarter. Investors were pleased, ...
Japan Confirms First Cancer Link in Worker From Fukushima
Japan's health ministry confirmed for the first time that leukemia found in a worker at Tokyo Electric Power Co.'s Fukushima Dai-Ichi power plant is a result of the March 2011 atomic disaster. The ...
Lloyd’s CEO Beale, 5 Others in Insurance Named LGBT Role Models
AIG, Zurich Leaders Also Made Annual OUTstanding List Lloyd's of London CEO Inga Beale tops a list of lesbian, gay, bisexual and transgender (LGBT) executive role models compiled by a London-based ...
The Next Frontier of Alternative Capital
The alternative reinsurance market is on steroids, bulking up to represent an estimated 12 percent of the global reinsurance market, according to estimates from Aon Benfield. This may seem like a ...