Markets
Executives On The Move at Arch Insurance, Great American and Lloyd’s
Arch Insurance in North America hired a former Travelers executive to lead a newly created business unit. Great American Insurance Group named a new executive as divisional vice president of its ...
UK Lawmakers Vote to Have May Demand EU Reopen Brexit Deal
British lawmakers on Tuesday instructed Prime Minister Theresa May to demand that Brussels replace the Irish border arrangement known as the "backstop," in a last-ditch attempt to renegotiate an exit ...
Insurance Information Institute Beefs Up Communications Staff
The New York-based Insurance Information Institute (I.I.I.) has appointed two new full-time employees with experience in consumer education, media relations, public affairs and strategic ...
Cryptocurrency Thefts and Scams Reached $1.7B in 2018: Report
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace ...
$27 Billion: Predicted Insurance Payout for Global Malware Attack
A co-ordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for ...
Technology, New Risks Will Keep D&O Pricing Pressure On: A.M. Best
Directors and officers liability insurance will confront continued pricing pressure for the foreseeable future, hammered by everything from intense competition to a number of new risks, A.M. Best is ...
Chubb Seals 15-Year Distribution Deal With Chile’s Largest Bank
Chubb Ltd. is boosting its presence and digital capabilities in Latin America by way of a 15-year distribution agreement with Banco de Chile, the largest bank based in Chile. "This partnership will ...
The Latest Launches From PIMCO/Allianz, Everest and AmWINS/AXIS
PIMCO will work with corporate parent Allianz to launch its property/casualty insurance-linked securities business. Everest Insurance now offers property, commercial auto and workers compensation ...