Markets
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...
Entertainment Insurance Challenges Laid Bare by Fyre Festival Collapse
Already facing numerous lawsuits, Fyre Festival organizer Billy McFarland was arrested on federal charges last week. The government alleged he defrauded investors who bought into Fyre Media Inc., the ...
AXIS Will Grab Lloyd’s Specialty Insurer/Reinsurer Novae for $604M
AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty insurer and reinsurer that operates through Lloyd's of London. "The US$604 million transaction adds scale and breadth ...
AIG Appoints Marsh CEO Zaffino, an Old Duperreault Colleague, as Global COO
New American International Group CEO Brian Duperreault turned to an old colleague as his first big executive hire, appointing Marsh LLC CEO Peter Zaffino as executive vice president and global chief ...
Commercial Lines Premiums Saw Slight Q2 Uptick, Except Workers Comp: IVANS Index
Nearly all major commercial product lines saw their Q2 2017 premium renewal rates increase slightly compared to last year. Workers compensation, however, saw renewal rates move back into the ...
Liberty Mutual Wins Appeal in $3.6M ‘Guaranteed Cost’ Workers Comp Premium Suit
Liberty Mutual Insurance Co. has won a case against a company that refused to pay $3.64 million in additional workers' compensation premium after a payroll audit revealed it had more high risk ...
Executives On The Move at Fidelis, Zurich, Lloyds and Willis Re
Fidelis Insurance disclosed it is hiring a former Hiscox Re executive to help lead a new effort focused on niche specialty excess of loss business. Lloyd's has a new deputy chairperson. Willis Re ...
NotPetya Global Cyber Attack Leaves Ukraine Scrambling to Contain New Threat
The Ukrainian software firm used as part of last week's global cyber attack warned on Wednesday that all computers sharing a network with its infected accounting software had been compromised by ...