Markets
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...
Travelers Dives into Colombia Through Brazilian Joint Venture
The Travelers Cos. said it will be expanding into Colombia through a joint venture it has maintained in Brazil. By way of its partnership with J. Malucelli Participações em Seguros e Resseguros ...
Who Can You Trust? Execs Wary of Alternative Capital
Amping up the drumbeat on potential problems with alternative capital providers, reinsurance industry executives aired critical views about their enduring competitors recently with words like ...
Government Policymakers Will Muck Things Up for Insurers in 2015: S&P
As if a sputtering expansion in developing markets wasn't bad enough, government policymakers in the developed world will make things difficult in 2015 for insurers around the world, Standard & ...
2015 Outlook: Rate Drops Dim Prospects for Underwriting Profits, PwC Says
Underwriting returns alone just won't cut for some London market insurers and reinsurers in 2015, according to PwC, which says that 20 percent of the market participants are "materially reliant" on ...
Cyber Security a Challenge for Insurers: A.M. Best
Thirteen percent of respondents to A.M. Best's Fall 2014 Insurance Industry Survey admitted that their companies had been the targets of data breaches or cyber attacks. Larger companies appear much ...
DHL: Shipping Companies Will be First In Line For Driverless Vehicles
While Google Inc. plans to someday unleash driverless cars on public streets, the logistics industry will probably be one of the first training grounds for such automated vehicles. Shipping companies ...
Sony Studio Cyber Attack Costs Could Hit $100 Million Mark
Sony Corp's movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cyber security experts who ...