Markets
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11 percent and representing the eighth consecutive year of ...
More Awareness About Business Interruption Risks Driving Cyber Cover Increases: Zurich Insurance
Businesses are increasingly aware of cyber-related business interruption risks and stepping up to increase their coverage to more adequate levels as a result, according to a new Zurich Insurance ...
The Latest Launches From Munich Re/HSB and Slice Labs/Duuo
Munich Re's Hartford Steam Boiler launched a new sensor product focused on cellular Internet of Things technology. Slice Labs, an on-demand insurance cloud platform provider, disclosed the fruits of ...
MGM Will Pay Nearly $800M to Vegas Mass Shooting Victims by Late 2020
MGM Resorts International agreed to pay as much as $800 million to settle most claims arising from the October 2017 mass shooting at one of its properties on the Las Vegas Strip. The company expects ...
Tesla’s Summon-Your-Car Feature Draws Attention of U.S. Safety Regulator
The top U.S. road-safety regulator is gathering information about a Tesla Inc. feature that allows customers to remotely call for their car to pick them up. The National Highway Traffic Safety ...
Markel Sells Brazilian Insurance Operations to Division’s Executive Team
Markel International, the London-based specialist insurer and subsidiary of Markel Corp., announced that it has sold its insurance operations in Brazil to its existing executive team. Markel ...
Ireland Predicts No-Deal Brexit if UK Proposals Are Final
If Britain's latest proposals for an agreement on leaving the European Union are its final offer, then a no-deal Brexit lies ahead, Irish Foreign Minister Simon Coveney said on Thursday. British ...
Tokio Marine to Grab PURE Group in $3.1B Deal
Tokio Marine Holdings Inc will buy insurer PURE Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese ...