Markets
A Cautious Approach to Cyber Risk Can Help Insurers Protect Their Ratings: Fitch
The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent ...
China’s Ping An Insurance Is Now Second to Berkshire Hathaway in Terms of Market Value
A surge in Ping An Insurance (Group) Co.'s shares this year has made it the world's second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. ...
21st Century Fox Reaches $90M Settlement in Sexual Harassment Shareholder Claims
Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief ...
The Latest Launches From Palomar Specialty, Pen Underwriting/QBE and Starr Companies
Palomar Specialty Insurance Company expanded its residential earthquake insurance product into several new states. Pen Underwriting extended its strategic relationship with QBE into the Republic of ...
Everest Re CEO Addesso Gains Contract Extension Through 2019
Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, ...
USAA Among Backers of Flo, a Home Water Damage Prevention Startup
Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 ...
Reinsurers’ Hurricane, Quake Losses Could Hit $25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry ...
Brexit Drives British Ship Insurer North to Establish Dublin Subsidiary
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to ...