Markets
Travelers, Dinged by High Cat Losses, Reports Otherwise Solid Q1
The Travelers Company's 2018 first-quarter numbers reflect steep catastrophe losses but an otherwise profitable period due to strong results in net premiums written and higher premium renewals across ...
Flying Taxi Startup Brings on Iconic Auto Designer and Fiat Vet
Lilium, a German startup with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the ...
Many Global Insurers Plan to Beef Up Private Equity Investments: Goldman Sachs
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in ...
Cyber Insurance Is Quite Profitable at the Moment: PwC
Most carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a new global survey of specialist ...
Former AIA Leader Pusey Nominated to Join W.R. Berkley Corp. Board
Veteran property/casualty insurance industry lobbyist Leigh Ann Pusey has been nominated to join the board of directors at W.R. Berkley Corp. The commercial lines insurer and reinsurer disclosed that ...
Israel’s Kovrr Debuts Predictive Cyber Risk Modeling Tool
The Israeli company Kovrr launched a new predictive cyber risk modeling platform designed to help P/C insurers underwriter cyber risk more efficiently. Kovrr analyzes millions of emerging cyber ...
Southwest Cancels Dozens of Additional Flights to Inspect Engines
Southwest Airlines Co canceled more flights on Monday as it worked to complete inspections of engines like the one that failed last week in a deadly accident over Pennsylvania. Flightaware.com, a ...
Munich Re CEO Predicts 2018 Turnaround, Would Welcome Anchor Investor If Approached
Munich Re would welcome a long-term investor taking a significant stake in the company as the world's largest reinsurer eyes a return to profit growth this year, its CEO told Reuters. Joachim ...