Markets
AIG’s Newly-Acquired Tech Subsidiary Now Known as ‘Blackboard’
"Blackboard," is the new name for American International Group's technology-focused subsidiary formerly known as Hamilton USA. Hamilton USA was part of Hamilton Insurance Group, but AIG announced ...
Live in Portland to Avoid Natural Disasters; Be Ready for Them in Miami
Tired of living with hurricanes, tornadoes or floods? Head to Portland, Salt Lake City or Providence. Or California. Yes, California. Portland, Oregon is the safest place to live to avoid hazardous ...
U.S. SEC Alleged to Wrongly Collect $14.9B From Investment Firm’s Liquidating Trustee
The U.S. Securities and Exchange Commission has been hit with a class action lawsuit seeking to recover $14.9 billion that lawyers for an investment firm's liquidating trustee say should not have ...
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...
Insurance Included in Singapore’s Plans to Create 4,000 Finance Sector Jobs
Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. ...
Executives On The Move at Ironshore and The Hartford
Ironshore appointed three executives to underwrite Specialty Casualty risk in U.S. and London markets. The Hartford named a new chief medical officer. *** Iron-Excess, the excess underwriting unit of ...
Executives On The Move at AIG and Wells Media Group
American International Group has a new chairman of its Risk Management division. Wells Media Group, publisher of Carrier Management, Insurance Journal and Claims Journal, has a new senior strategist, ...
After Historic Storms, Insurers May Not Be Able to Price Their Way Back
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...