Markets
The Latest Launches From Chubb and AXIS Capital Holdings
Chubb is partnering with a company to offer a cyber loss mitigation service to certain policyholders in the UK and Ireland. AXIS Capital Holdings Ltd. designed to, in part, scout out new technologies ...
Kemper’s Personal Auto Insurance Growth Soars
Kemper Corp. is celebrating a boost in net income for the second quarter thanks to "significant growth" in its personal automobile division, a few weeks after closing its recent $1.3 billion ...
For CNA, International Insurance Was a Blemish on an Otherwise Solid Q2
For CNA Financial Corp., the 2018 second quarter produced mostly gains: Higher net premiums written in most of its divisions, increased investment returns and still-healthy combined ratios in all but ...
Oracle, SAP Business Software Increasingly Targeted by Hackers: Study
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber ...
Chubb Advances Post-Brexit Plans for France EU HQ
Chubb European Group announced it has achieved an important regulatory step in its Brexit preparations to redomicile its businesses to France. This provides Chubb's customers "with continuous, ...
Extraordinary Re’s Extraordinary Idea
Imagine there's a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel ...
Reinsurance a Train Wreck; Brokers and Carriers Need to Bring Value Together, Berkley Says
W. Robert Berkley, Jr., the CEO of W.R. Berkley Corp., is not one to mince words about perceived missteps in the property/casualty insurance industry. A recent assessment of the P/C reinsurance ...
It’s Time to Face Reality, Berkley Says
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2018. When catastrophes occur, "we have this ability to back the cat losses out. But ironically, the industry doesn't seem to back the ...