Markets
Insurance M&A Deals Now at Lowest Level Since 2015: Clyde & Co.
The volume of completed mergers and acquisitions in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second ...
Tesla Developing Self-Driving Trucks, Pushing for Tests in Nevada
Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according ...
Autonomous Car Makers Pursue Sharing of Risk and Investment
BMW and Daimler, the world's top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car. But another ...
AmTrust’s Stock Plunges More Than 10% After a Mixed Q2
Investors drove AmTrust Financial Services' stock price down more than 10 percent on Aug. 9 after the New York-based insurer disclosed mixed second-quarter financial results. The Nasdaq stock price ...
Executives On The Move at JLT Specialty USA, Markel and Assurant
JLT Specialty USA hired a new executive as its vice president, Global Service Team. Specialist insurer Markel International brought on a new Singapore-based political risk underwriter. Assurant, a ...
AIG Execs: Cyber Insurance Demand Will Soar in China, Asia Following WannaCry Attack
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at ...
Bulk of July Natural Disasters Slam Asia; Damage Tally Surpasses $10B
The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report ...
Socure Raises $13.9M; Insurance Industry Among Buyers of Company’s Digital ID Verification Tech
Socure, a developer of digital identity verification predictive analytics technology, raised nearly $14 million in a Series B venture financing round from backers with insurance industry investment ...