Markets
17 Months Later, VW Emissions Scandal Legal Trouble Keeps Coming
Luxembourg has launched criminal proceedings over Volkswagen's diesel emissions scandal, showing the German carmaker is still struggling to draw a line under the crisis some 17 months after it broke. ...
Higher Claims, Falling Prices Hurt Munich Re’s Q4 Profit
Munich Re, the world's biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to ...
Only 5 Percent of Large UK Firms Have Board-Level Cyber Expertise: Deloitte
Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital ...
Catastrophe Tests Show London Insurers’ Capital Risks and Resilience
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in ...
CNA CEO Robusto ‘Back in the Game,’ Though 2017 Has Room for Improvement
CNA reported fourth-quarter and full-year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting ...
In Memorium: Chubb, Horace Mann Remember Two Execs Who Have Passed
Both Chubb and Horace Mann Educators Corp. disclosed the deaths of long-time, well-regarded executives. *** John Cox, the founding chairman and first employee of ACE Ltd., died recently at age 84. ...
Data-Focused Small Biz Insurance Platform Attune Gains a New CEO
Attune, a data-focused insurance platform and startup that wants to help small and medium-sized businesses meet their risk needs, now has a new CEO to lead it. James Hobson will fill the top slot at ...
VW Slapped With Yet Another Emissions Suit, This Time From a Fish Distributor
Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe's biggest ...