Markets
AIG to Sell Validus Re to RenRe in $3B Deal
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during ...
Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years
Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36 percent of Marsh's clients ...
Aon Sues Alliant Over ‘Unlawful Raid’ of Reinsurance Group
Aon this week filed a lawsuit against rival Alliant Insurance Services for an alleged "unlawful raid" of senior leaders and other employees of Aon's facultative reinsurance group. Aon claims Alliant ...
The Supreme Court Handed Google and Twitter a New Line of Defense
The U.S. Supreme Court handed social media companies a new line of defense as they face an increasing number of lawsuits alleging their algorithms have harmed users — whether by addicting children ...
Survey: Some Customers Let Auto Insurance Lapse in Quest for Savings
A new report out this week offers updated insights on customer buying habits when it comes to personal auto and homeowners insurance. "Insurance Personal Lines Trends and Perspectives," a quarterly ...
Supreme Court Spurns Dispute Over Roundup Class-Action Settlement
The U.S. Supreme Court on Monday declined to hear a dispute involving a lawsuit against Bayer AG's Monsanto Co that could rein in a common form of settlement in class action cases under which money ...
AM Best: Current D&O Market Rates Could Prove Inadequate
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to ...
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld conference, held this year in ...