Reinsurance
Risk is ‘Substantial’ That the UK Won’t Achieve Brexit Deal: Moody’s
The risk that the UK will tumble out of the European Union in two years without a Brexit deal is "substantial," Moody's Investors Service said. Such an outcome would affect everything from banks to ...
Executives On The Move at AmTrust, Chubb, Neon and GCube
AmTrust Financial Services hired an executive to handle business strategy and business development. Chubb has a new Life Sciences Industry practice leader for North America. Neon named a new director ...
Brexit Moves Likely After Year-End, UK Financial Watchdog Predicts
Financial firms are waiting until the end of the year before moving staff and business ahead of Britain's departure from the European Union in 2019, the country's markets watchdog said. Banks, asset ...
H1 Natural Disaster Claims Reached $19.5B, Plunging From Previous Year: Munich Re
Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday. ...
Insurers Beat Other Industries on Shareholder Value, but Their Lead Could End
The insurance sector is beating other industries on delivering shareholder value but insurers may find this more difficult to do going forward unless they adjust their game plan. According to the ...
Cyber Attack Leads to Big Business Interruption, Earnings Issues for FedEx’s TNT Unit
FedEx Corp.'s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings. The ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
NAIC President Nickel: Regulators Must Do Better Understanding Technology and Innovation
State regulators must better understand understanding technology and innovation trends increasingly driving the industry so they can do their jobs better, NAIC president Ted Nickel said. Nickel, who ...