Markets
Insurers Can Handle Hurricane Lane’s Hawaii Damage: A.M. Best
Hurricane Lane may have caused widespread floods and landslides in Hawaii, but insurers should be equipped to handle any losses, A.M. Best said in a new briefing. The ratings agency said that most ...
Executives On The Move at Allied World, CyberCube and At-Bay
Risk analytics startup CyberCube is bringing on a former Swiss Re executive as part of its board of directors. Allied World promoted one of its rising executives to a position involving Asia Pacific ...
Navigators Exec Cameron Will Be Next Leader of Lloyd’s Market Association
Sheila Cameron, currently head of International Operations at Navigators Underwriting Ltd., is to become the next CEO of the Lloyd's Market Association (LMA), following the announcement that David ...
Another Tally Leaves Puerto Rico Hurricane Maria Deaths Much Higher Than Initial Count
Nearly 3,000 Puerto Ricans died due to Hurricane Maria, according to a George Washington University report commissioned by Governor Ricardo Rossello that's the latest to assert that the island ...
Buffett’s Berkshire Hathaway Invests in India-Based Digital Payments Company
Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into ...
Aspen Insurance Will Go Private in $2.6B Sale to Investment Manager Apollo
Aspen Insurance Holdings Ltd said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at ...
Allstate Will Acquire Identity Protection Company in $525M Cash Deal
The Allstate Corp. is expanding into the identity protection space with a planned $525 million acquisition of InfoArmor Inc. Allstate will pay cash for the privately held Scottsdale, Ariz. company ...
COUNTRY Financial CEO Bock Plans to Retire in January
COUNTRY Financial CEO Kurt Bock plans to retire early next year, the insurance and financial services group has disclosed. Bock's retirement is effective Jan. 31, 2019, capping seven years as chief ...