Reinsurance
Group That Leaked ‘WannaCry’ Ransomware Attack Tools Threatens Release of More Malicious Code
Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it ...
Soft Global Reinsurance Pricing in Play Through Year’s End: Fitch
The soft pricing in the global reinsurance market will continue at least for the rest of the year, Fitch Ratings says. Fitch expects premium rates to continue declining as a result of large amounts ...
Warren Buffett’s Berkshire Hathaway Sells Fox Shares, Boosts American Airlines Stake
Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox ...
AIG Shareholders Have Yet to See Post-Bailout Financial Gains
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost ...
Driscoll Named President of Validus Holdings; Keeps Role as Validus Re CEO
Bermuda-based Validus Holdings Ltd. announced last week that Kean Driscoll has been named president of the group, effective immediately. Driscoll will continue to serve as chief executive officer of ...
Bermuda Insurers, Reinsurers Hammered by Ogden Rate Change, More Natural Catastrophe Losses
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...
Demand for Cyber Insurance Soars as Hacker Crime Fears Grow
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...