Markets
Swiss Re’s Proposed Spinoff of ReAssure Valued at Up to $4.2B
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...
China’s Fosun Group Continues Corporate Shopping Spree, Debt Be Damned
About three years after China started reining in an overseas acquisition spree by some of its home-grown companies, the binge all but ended. But not for Fosun Group. The 27-year-old conglomerate, ...
Companies Promote Ethical Behavior by Helping Employees Blend Work, Personal Identities
Promoting a better integration of employees' work and personal identities can make them more likely to pursue ethical behavior, according to research highlighted in a recent online posting for ...
Executives On The Move at A.M. Best and Berkshire Hathaway Specialty Insurance
The head of A.M. Best Ratings Services is retiring, and his replacement will come from within the organization. A veteran QBE executive is joining Berkshire Hathaway Specialty Insurance in a ...
Smart Commercial Insurance: New Data Sources Fuel New Underwriting Era
The underwriting behind most commercial insurance is a marvel of steadfast, gradual iteration. It stretches back to the 14th century, after all. In my experience running a commercial insurance ...
Root Insurance, Goodyear Ally to Boost Auto Policyholder Services
Root Insurance sealed a collaboration deal with The Goodyear Tire & Rubber Company that will allow its auto insurance policyholders to access tire purchase and installation services. "We are ...
InsurTech Utopia Driven by Data Sharing Impeded by Data Ownership Uncertainty
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody's got ...