Markets
Don’t Expect Reinsurance M&A to Let Up: Fitch Ratings
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. Fitch's report echoes ...
After Cyber Attack Hits 380,000 Customers, British Airways Apologizes
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app. The ...
Old Practices May Help AIG CEO Duperreault Recapture Insurer’s ‘Lost Shine’
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail ...
U.S. Commercial Insurance Prices Tick Higher for Third Straight Quarter
Commercial insurance prices for the U.S. ticked up close to 3 percent in the 2018 second quarter, the biggest quarterly increase in nearly four years, Willis Towers Watson said in its recent pricing ...
PartnerRe Celebrates Its First 25 Years—When Everything and Nothing Has Changed
During PartnerRe's first 25 years as a reinsurer, everything has changed and nothing has changed. From its roots as a pure catastrophe player, PartnerRe has dramatically evolved—or ...
$10.7B VW Investor Suit Over Diesel Emissions Scandal Set to Hit Trial Phase
Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal ...
Lloyd’s Chooses Ex-QBE CEO Neal as Its New Leader
Lloyd's of London has chosen former QBE Insurance Group CEO John Neal as its new leader. Neal assumes the role of Lloyd's latest chief executive officer starting on Oct. 15. He succeeds Inga Beale, ...
State Farm Acquires Naming Rights in NFL, NBA Stadium Deals
One of the sports world's biggest advertisers, State Farm doubled down this week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State ...