Markets
Intel Investigates Hack of Quarterly Earnings Graphic
Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the object of unauthorized access before publication. "Once we became aware ...
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
Travelers Q4 Earnings Jump With Bigger Investment Returns, Lower CAT Claims
Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts' estimates on Thursday, helped by an increase in returns from investments and lower ...
The Latest Launches From Liberty Mutual and W.R. Berkley
A Liberty Mutual division launched new terrorism insurance coverage in Germany. W.R. Berkley Corp.'s Berkley One unit added or introduced new coverage to a number of states. *** Liberty Mutual's ...
P/C InsurTech Lemonade Quietly Debuts Term Life Insurance
Lemonade has quietly debuted term life insurance, according to its website. The New York-based InsurTech appears to be going the soft-launch route without major promotion of the launch, after first ...
AXA Explores Sale of Singapore Unit; Transaction Could Raise $700M
HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which could raise about $700 million in a sale, according to people ...
Climate Change Will Boost Hurricane Losses 20 Percent or More by 2050: Research
By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in ...
Was COVID-19 Really a Business Interruption Wake-Up Call?
The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John ...