Markets
Liberty Mutual’s 2017 Net Income Is Nearly $1B Lower Than the Year Before
Liberty Mutual eked out $17 million in net income for 2017, after making more than $1 billion the year before. Record catastrophes, adverse development in its commercial automobile business and a ...
Commercial Insurance Prices Nudged Higher in Q4: Marsh
The historic cluster of natural catastrophes that struck in late 2017 helped nudge average global commercial insurance pricing higher during the fourth quarter—the first increase since early 2013, ...
Turn Commercial Drones Into Targeted Weapons? AI Could Help Hackers Do That
Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial ...
Bank of England Will Stay Vigilant in Enforcing EU Insurance Rules
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
The Latest Launches From Willis Towers Watson and Travelers
Willis Towers Watson, working with a division of W.R. Berkley Corp., unveiled customized cyber insurance coverage for the general aviation business. The Travelers Companies Inc. rolled out a beefed ...
2018 Insurance M&A Drivers: Tax Reform, InsurTech and Run-Offs
Tax reform, InsurTech and run-off transactions will be among the big drivers of insurance industry mergers and acquisitions in 2018, according to a new Deloitte report. Deloitte said that the Trump ...
Zurich Will Pay $409M for QBE’s Latin American Operations
Zurich Insurance Group will pay $409 million for the Latin American operations of Australian insurer QBE, a deal that will help it become the top insurer in Argentina and build market share in other ...
UK CEOs, Investors View Cyber Attacks as Greatest Threats to Bottom Line
Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and ...