Markets
Trump Administration Tax Reforms Could Dampen Bermuda Market’s Competitive Advantages: S&P
Bermuda insurers and reinsurers may lose their competitive advantage due to U.S. President Donald Trump's plan to restructure the U.S. tax code, Standard & Poor's warns in a new report. Few ...
Farmers Sue Top U.S. Chicken Processors Over Their Pay
A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in ...
Allianz CEO Has $3.2B to Use for M&A. Will He?
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...
Ransomware Attacks Quadrupled in 2016; They’ll Double in 2017: Beazley
Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in 2016 and the insurer projects they will double ...
Conflict Over Who Will Pay for San Francisco’s $750M Tilting Tower
Nina Agabian, a retired director of research in global health science at the University of California, bought a 29th-floor apartment in San Francisco's Millennium Tower in 2010. "It was supposed to ...
Allstate’s 2016 Ended With Solid Profit, Despite $835M More Catastrophe Losses
Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended ...
In the UK, Price Drives Insurance Policy Choices for Small/Medium-Sized Businesses
The cost of insurance premiums was ranked as the top deciding factor when picking a policy by 61 percent of small and medium-sized enterprises (SMEs), according to survey data released by ...
Swiss Re, Software Firm SAP SE to Develop Financial Steering/Reporting Product
Swiss Re has formed a strategic partnership with software company SAP SE to develop a product addressing the increasingly complex demands of global regulators regarding financial steering and ...