Markets
Asia Growth Expected from Beazley Lloyd’s Syndicate Pact With Korean Re
Beazley and Korean Re announced a partnership to develop business together and to set up a special purpose syndicate at Lloyd's, Syndicate 6050. "We hope this collaboration will enable Beazley to ...
Amazon Gets Fresh Approval for Drone Tests
Amazon.com Inc. has won approval from U.S. federal regulators to test a delivery drone outdoors, less than a month after the e-commerce powerhouse blasted regulators for being slow to approve ...
Aon Benfield: Severe Weather Returned With a Vengeance in March
In March, the most severe weather events carried names like Mike, Niklas and Pam. Also, the United States began to see a return to extreme springtime weather after an unusually slow start to the ...
U.K. Auto Insurer Hastings Eyes Potential IPO After Triumphant 2014
Hastings Insurance Group increased its customer base by 20 percent in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year. ...
AIG Brings on Kaiser Exec As First-Ever Chief Technology Officer
American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock ...
RMS Releases Latest Europe Windstorm and North Atlantic Hurricane Models
Catastrophe risk modeler RMS has released version 15.0 of its RMS Europe Windstorm and RMS North Atlantic Hurricane Models. Matthew Grant, general manager of models and data at RMS, said the updated ...
Media Portrayal of Workers Comp Fraud Impacts Real-Life Claims
The depiction of workers compensation fraud in television shows has impacted the public's perception of the crime, said two experts during a session on the subject at the Combined Claims Conference ...
Significant Winter Insured Losses Don’t Match Last Year’s: Munich Re
Now that the U.S. is finally emerging from the winter of 2014/2015, the economic and insurance costs are becoming clear. The numbers are substantial, but they're not as bad as the previous winter. ...