Reinsurance
Shipping Industry Starts Embracing Retro Tech as Cyber Threat Deterrence
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use ...
Allianz, Generali, Zurich and More Called Out for $361M in Coal Investments
A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly. A report released ...
Up to 16 Named Storms Forecast During Atlantic Hurricane Season
Researchers again boosted the number of storms the Atlantic may produce before the hurricane season ends as a missing Pacific El Nino and warm waters present favorable storm conditions. As many as 16 ...
Underwriting Losses Depress Berkshire Hathaway’s Q2 Profit
Warren Buffett's Berkshire Hathaway Inc. is finding it hard to grind out higher profits this year, in large part because of slumping results at its insurance businesses. Gains at the conglomerate's ...
Liberty Mutual’s Ironshore Acquisition Helps Buttress Q2 Results
Liberty Mutual reported an improved 2017 second quarter, with a big jump in net premiums written and net income driven by its $3 billion acquisition of property/casualty specialty insurer Ironshore ...
AIG Follows Travelers, Chubb in Scaling Back Wall Street Guidance
Brian Duperreault, the new chief executive officer of American International Group Inc., said the company will scale back the projections it provides to Wall Street after his predecessors were burned ...
WannaCry, Petya Cyber Attacks Cost Europe’s Companies Hundreds of Millions of Dolllars
Global hackers have unleashed a brace of attacks in recent months, but while their haul in bitcoin has been paltry, the revenue hit to companies infected is reaching into the hundreds of millions of ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...