Markets
AXIS CEO: Layoffs, Australia Retail Change Part of Ongoing Revamp
AXIS Capital Holdings is cutting 100 jobs and winding down its retail insurance business in Australia, two months after cancellation of its planned merger with PartnerRe. The Bermuda-based specialty ...
The Latest Launches From Ironshore and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance launched two new policies that provide cyber liability and breach response coverage with risk management resources. They're known, respectively, as the ...
Zurich, ACE, CNA and Catlin Vets to Lead BHSI’s New Expansion Effort
Berkshire Hathaway Specialty Insurance hired veteran executives from Zurich, ACE, CNA and Catlin to help beef up its U.S. underwriting capabilities and continue its expansion. "With this infusion ... ...
Fifth Third Bancorp Will Pay $85M to Settle Mortgage Fraud Case
Fifth Third Bancorp will pay more than $84.9 million to resolve U.S. civil fraud charges that it failed to disclose material defects in more than 1,400 mortgage loans in a timely manner after ...
Significant Auto Losses Expected From Carolinas Storm
Claims are already starting to trickle in from the major storm that hit South Carolina over the weekend and is now causing additional flooding problems in North Carolina. According to State Farm ...
China Explosion and Chile Quake Cost Validus an Estimated $64M
Validus Holdings Ltd. believes it lost just under $64 million from the Port of Tianjin explosion and recent earthquake in Chile, a number that matches its Q2 net income. The Bermuda-based insurance ...
Cyber Attacks Increase, but Boards and Businesses Are Fighting Back
A majority of businesses admit that they experienced at least one cyber attack in the last year; companies also increasingly see these risks as a major threat to their operations. Faced with these ...
West Virginia Sues Volkswagen Over Clean Diesel Emissions Claims
West Virginia may be the first U.S. state to sue Volkswagen AG for deceiving car buyers after the Environmental Protection Agency said last month that the company had installed software to hide that ...