Markets
Executives On the Move at Zurich and Guy Carpenter
Guy Carpenter & Co. appointed an interim head of International Facultative Operations, to deal with an executive departure. Zurich Canada brought in an outside executive to run its Travel ...
Cyber Insurance Does Not Make Clients Ransomware Targets: Marsh
Cyber insurance remains a useful tool in the fight against ransomware, a new Marsh briefing argues. That may seem like an obvious thing to say, but the briefing points out that some are increasingly ...
Some See Nuclear Power as a Tool to Fight Catastrophic Climate Change
Catastrophic climate change can still be averted even without increasing one of the biggest sources of carbon-free electricity. That was the message sent to International Atomic Energy Agency ...
Florida Personal Lines Insurer Ordered Into Receivership
Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable ...
Blame Game Escalates as UK Argues Brexit Deal is Near Impossible
The blame game over the likely failure to reach a Brexit deal escalated, with the U.K. accusing German Chancellor Angela Merkel of making an agreement effectively impossible. The pound fell. ...
Southwest Pilots Sue Boeing Over ‘Rush’ to Sell Unsafe Max Planes
The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed ...
B3i’s Blockchain-Powered Insurance Network Gets Closer to Solving Some Industry Problems
The author Douglas Adams once said, "We are stuck with technology when what we really want is just stuff that works." Many of us can relate, especially with new technology such as distributed ledger ...
Arch: Dorian, Faxai Caused Up to $75M in Pre-Tax Cat Losses
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...