Markets
Chubb’s Net Income Ticks Downward; Commercial Insurance Produces Gains
Chubb saw its net income dip slightly in the 2019 first quarter, though commercial and other insurance premiums rose at a healthy clip. The insurance giant's property/casualty combined ratio also ...
Cryptocurrency Thefts and Fraud Reportedly Reach $1.2B in Q1
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
China Regulator Details Plan to Further Open Insurance, Banking Sectors
China will further open up its banking and insurance sectors, the country's top banking and insurance regulator said in comments published on Wednesday. Guo Shuqing, chairman of the China Banking and ...
Lloyd’s CEO Neal Pledges to Halve Costs in Modernization Push
Lloyd's of London plans to halve the cost of buying insurance through the 330-year-old market as part of a strategy to restore the fortunes of the company. Chief Executive Officer John Neal said he ...
Executives On the Move at Gen Re, Hiscox and Willis Towers Watson
Gen Re promoted an executive to head its International Property & Casualty arm. Hiscox named a new head of Claims in the U.S. Willis Towers Watson appointed a new senior director in its Property ...
Deadline Reportedly Approaching for Ongoing UK Brexit Talks With Labor
The British government wants talks with the opposition Labour Party on a Brexit compromise to reach a conclusion by the middle of next week, several British journalists reported on Tuesday citing ...
High-Net-Worth Insurer Vault Expands Into Three New States
High-net-worth insurer Vault has expanded into three new states. First launched in 2017, Vault has now obtained approvals to underwrite in Connecticut, New Jersey and Pennsylvania. This adds to ...
Norsk Hydro Reports $52M in Cyber Attack Costs for Q1
Norsk Hydro said the March cyber attack that paralyzed its computer networks would cost the aluminum maker up to 450 million Norwegian crowns ($52 million) in the first quarter. The Oslo-based firm, ...