Markets
W.R. Berkley Excels in Q1 Save for Global Re Numbers
For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed ...
XL Group Opening Re Office in Dubai
XL Group's reinsurance segment is setting up new operations in Dubai, UAE, to serve the MENA market, XL announced Wednesday. The Dubai operation will serve as a regional hub. XL also announced the ...
AXIS Capital Names Phillips Chief Investment Officer
Bermuda-based global specialty insurer AXIS Capital Holdings Ltd. on Tuesday announced the appointment of David Phillips as executive vice president and chief investment officer, effective April 17. ...
Tech and Medical Device Convergence Exposes New World of Risks
When the acclaimed television drama series "Homeland" climaxed with a devious plot by terrorists to kill America's vice president by hacking into his electronic pacemaker, critics mocked the ...Subprime Auto Lender May Have Exposed Clients’ Personal Info
Benjamin Lawsky, New York's top banking regulator, sued Condor Capital Corp., claiming the subprime auto lender stole millions of dollars from low-income customers and risked exposing their personal ...
FBI Alert: Healthcare Sector Faces Cybersecurity Risks
The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans' personal medical records ...
Hacking Threat Is Real For Global Shipping Fleet
The next hacker playground: the open seas—and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up ...
Next Generation Cat Modeling: Multimodel, Open Source or Open Platform—What’s the Difference?
For the past two decades, insurers and reinsurers have licensed catastrophe models from AIR, RMS and EQECAT, and each vendor model came with its own front and back end to handle the model input and ...