Markets
PartnerRe Getting New CFO, First-Ever Chief Operations Officer
Some executive leadership changes are coming to global reinsurer PartnerRe. Executive Vice President and Chief Financial Officer Mario Bonaccorso plans to retire on March 31, 2020 to pursue a new ...
Executives On The Move at AIG and DataCubes
American International Group hired an outside executive to lead a division that serves institutional clients in areas including global fixed income securities and the derivatives markets. DataCubes, ...
Cambridge Mobile Telematics and Investor SoftBank See $$$ in Autonomous Vehicles
As of 2018, Cambridge Mobile Telematics was in a sweet spot. The Massachusetts-based company launched in 2010 was independent and had become profitable. Its technology used by insurers and others to ...
Hyundai, Kia Set Aside $758M to Resolve Class Action Suits Over Engine Fires
Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United States and South ...
EU Warns Next-Gen 5G Networks Present Increased Cybersecurity Risks
The European Union warned on Wednesday of the risk of increased cyber attacks by state-backed entities but refrained from singling out China and its telecoms equipment market leader Huawei ...
Climate Change Fallout: FEMA May Have to Buy Millions of Flood-Prone Homes
As the climate crisis worsens, more Americans will be forced from their homes. Many won't be able to afford it, and the U.S. isn't prepared for a massive, government-subsidized migration away from ...
Travelers Joins Two Groups Focused on Advancing Automated Vehicle, Driver Assistance Tech
The Travelers Companies, Inc. said it has joined two groups focused on advancing research and public information about automated vehicle and driver assistance technologies. They are the Advanced ...
Customer Focus Is Key Ingredient for Future InsurTech Users
In her 1969 hit song "Both Sides Now," singer-songwriter Joni Mitchell looked at clouds and other metaphors of life both optimistically and pessimistically—and she felt uncertain about the future. ...