Markets
The Hartford’s P/C Profits Deteriorate in Q1
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property-casualty coverage, said first-quarter profit fell 5.7 percent as results deteriorated at P&C units. ...
Insurers Liable For Little of $2B Nepal Quake Cost
Damage in India could cost an additional $800 million, according to figures from the disaster-modeling firm that include property damage and long-term business-interruption costs. Less than 1 percent ...
Berkshire Hathaway Specialty Insurance Jumps Into Australia Market
Berkshire Hathaway Specialty Insurance Company is moving into the Australian market. Executives launched operations for the insurer in Sydney. BHSI will offer property, casualty, financial lines and ...
RMS, AIR Worldwide Tally Catastrophic Damages From Nepal Earthquake
RMS and AIR Worldwide have issued early damage assessments from the catastrophic Nepal earthquake on April 25, pointing to huge fatalities and historic levels of damage to property and the economy. ...
Nepal Quake Kills Thousands; Hopes For Finding Survivors Fade
Hopes for finding survivors trapped under rubble began to fade 48 hours after Nepal's worst earthquake in decades even as rescuers ferried scores of climbers trapped on Mount Everest to safety. ...
Chubb’s CIO: ‘Innovation is a Muscle’ That Must Be Trained
For those of you who missed it, Carrier Management interviewed Chubb Chief Innovation Officer Jon Bidwell during an April 22 Twitter chat focusing on Bidwell's thoughts on innovation and how to spark ...
Catastrophe Losses Dented Chubb’s Q1 Net Income
Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...