Markets
After Chubb’s Failed Hartford Try, Allianz Now Mulling Possible Counteroffer
Chubb Ltd.'s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany's Allianz SE to study the feasibility of a counteroffer, according to people familiar with the ...
Massive Losses Likely for Reinsurers After Suez Canal Blockage: Fitch Ratings
The blocking of the Suez Canal by one of the world's largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even ...
2021: Another Year of Insurance M&A Challenges and Opportunities
2020 was a year of learning and innovation for those of us working in the field of insurance industry mergers and acquisitions. So far, it appears that 2021 will be another year of abundant ...
Executives On The Move at Cover Genius and RSA
Cover Genius appointed a new chief operating officer and a second executive as its first-ever Global Chief Revenue Officer. RSA named appointments for chair and CFO of its UK and International ...
CNA Protected Its Brand With Quick Response to Cyber Attack: S&P
CNA's quick response to a cybersecurity breach that disrupted its network has helped preserve the company's brand and competitive position, Standard & Poor's concluded in a recent assessment. ...
AXA Joins $20M VC Round for Idelic, a Commercial Trucking Analytics Startup
AXA is an investor in a $20 million fundraising round for Idelic, a Pittsburgh-based InsurTech startup that produces commercial trucking analytics plus driver management products and services. ...
Draft Biden Order Compels Software Vendors to Disclose Breaches to U.S. Govt.
A planned Biden administration executive order will require many software vendors to notify their federal government customers when the companies have a cybersecurity breach, according to a draft ...
$6B-$10B Per Week in Lost Trade Possible Due to Suez Canal Blockage: Allianz
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe's biggest insurer also ...