Markets
Zurich Completes $551M Deal to Buy Cover-More, Australia’s Largest Travel Insurer
Zurich Insurance Group has completed its $551 million acquisition of Cover-More, an Australian travel insurer and service provider that operates in Australia, India and the U.S. This transaction is ...
Cyclone Debbie Cost P/C Insurers $1.3B, Swiss Re $350M
Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world's second-biggest reinsurer said on Thursday, an unusually high loss that could see ...
Executives On The Move at AXIS, Great American and Crawford & Co.
AXIS Capital Holdings is hiring a former XL Catlin executive in an international leadership role. Great American Insurance Group promoted an executive to lead its Property & Inland Marine ...
Berkshire Hathaway Unloads Wells Fargo Shares to Get Below Fed’s Ownership Threshold
Warren Buffett's Berkshire Hathaway Inc. sold more than 7 million shares of Wells Fargo & Co. stock and plans to divest additional shares to get below the Federal Reserve's 10 percent threshold ...
The Latest Launches From Farmers, ISO/Verisk and More
Farmers Insurance is expanding into more states with a billing product designed to make the workers compensation coverage process easier for small businesses. ISO launched an interactive dashboard ...
Cat Bond Issuance Hit $2.3B in Q1 as Market Habits Shifted: PCS
Catastrophe bond issuance reached $2.3 billion in the 2017 first quarter, a record level that landed slightly higher than the same period a year ago, the Property Claims Services Unit of Verisk ...
Congress Passes Bill to Boost National Weather Service Forecast, Storm Warning Research
The National Weather Service would have to boost research – including some from private companies – to improve forecasts and storm warnings under a bill headed to President Donald trump's desk. ...
Yahoo Sued for Allegedly Failing to Safeguard Funds for Chinese Dissidents
Yahoo Inc has been hit with a lawsuit saying it failed to safeguard more than $17 million it pledged to help jailed Chinese dissidents in a 2007 settlement. The lawsuit, filed on Tuesday in federal ...