Markets
Insurers, Banks Full Speed Ahead on Brexit Moves Despite Transition Deal
London-based banks and other financial firms won't put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials ...
Uber Crash Realizes Fears of Driverless Cars’ Risks and Liabilities
Last week, Waymo showed a video of people riding in its self-driving minivans. They thumbed their phones, yawned and one snoozed. The message: Driverless cars are so safe, they're boring. The clip ...
U.S. P/C Catastrophe Losses Reached a Record $53B in 2017: A.M. Best
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...
Arch Capital CEO Iordanou Retires; Grandisson Replaces Him as Succession Plan Kicks ln
Marc Grandisson is the new CEO of Arch Capital Group. Ltd., following the previously announced retirement of longtime leader Constantine "Dinos" Iordanou. Arch disclosed in a regulatory filing that ...
The Latest Launches From XL Catlin and Bold Penguin/TechCanary
XL Catlin's London-based insurance operations have introduced a Brexit contract continuity clause. Bold Penguin and TechCanary are partnering to use their respective technology to streamline ...
Former FIO Director McRaith Takes Private-Sector Position With Blackstone
Michael McRaith, the former director of the Federal Insurance Office, has joined up with global investment firm Blackstone. McRaith will be managing director of the newly formed Blackstone Insurance ...
Govt. Investigating Death of Woman Hit, Killed by Uber Self-Driving SUV
A woman crossing a street was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, leading the ride services company to suspend its autonomous vehicle program ...
Fidelity National Strengthens Title Insurance Biz With $1.2B Stewart Information Buy
Financial services provider Fidelity National Financial Inc said on Monday it would buy insurer Stewart Information Services Corp in a $1.2 billion deal to strengthen its residential and commercial ...