Markets
ACE CEO Said Ebola Risk Underwriting Approach is ‘Common Sense’
ACE Chief Executive Officer Evan Greenberg blasted news reports about his company's stance on Ebola risks as "sensationalized." In response to an analyst's question on the issue during an earnings ...
The Cost to Insure Airplanes Against Attack Will Grow Considerably
Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty ...
Travelers CEO Fishman: Q3 Results ‘Just Terrific’
At the start of The Travelers Cos. 2014 third quarter investor call, Chairman and CEO Jay Fishman virtually gushed about the numbers he and his team were about to discuss. "As I am sure you read, the ...
Western World’s CEO Mulligan Retiring; COO Livingston to Fill Slot
Western World Insurance Group announced Monday that Thomas F. Mulligan, President and Chief Executive Officer, is retiring effective Jan. 1, 2015, ending a 33-year span of continuous service. On Oct. ...
Big Data Analytics: What Are You Waiting For?
The era of "big data" has arrived in the reinsurance sector, yet many firms insist on taking a customary "wait and see" approach—not only with big data but in-house small data automation as well. ...
FBI Cautions Foreign Govt. Agents May Have Carried Out Cyber-Attacks
Cyber-attacks on JPMorgan Chase & Co. and 13 other financial companies may have been carried out by hackers from a foreign government moonlighting as criminals, a senior Federal Bureau of ...
Insurers Face Hefty Price Tag in India from Cyclone Hudhud’s Wrath
Cyclone Hudhud, which hit India's east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power ...
Munich Re, Hannover Re Expect Stability in 2015, at Least in Germany
Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. Munich and Hannover, the world's ...