Reinsurance
Executives On The Move at AIG, OneBeacon, JLT and Wells Fargo Insurance
AIG hired on a new chief communications officer. JLT Specialty USA's new Los Angeles-based executive will build a team focused on handling complex film and television production-risks. Wells Fargo ...
Uber Embraces Self-Driving Trucks With Otto Acquisition
Ride service Uber Technologies Inc said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop ...
Louisiana’s Affected Storm Areas Have Low Flood Insurance Penetration: RMS
It's bad enough that the heavy rainfall and massive flooding that began in Louisiana on Aug. 12 has damaged more than 50,000 homes. There's also this: A relatively small amount of businesses and ...
PCS Unveils Historical Catastrophe Database for Turkey
Property Claim Services has gone live with a new historical catastrophe database for Turkey, an advance that the data analytics provider said will be helpful for both insurers and reinsurers. "The ...
Reinsurers Successfully Protect Themselves With Strong Enterprise Risk Management: S&P
The reinsurance sector's focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, ...
TransRe Scores A+ FSR from A.M. Best; Deal to Underwrite Gen Re Broker Biz Flagged
On Friday, A.M. Best announced that it upped the financial strength rating of Transatlantic Reinsurance Company and its subsidiaries (collectively referred to as TransRe) to "A+" (superior) from the ...
UK Officials Reportedly Will Pull Brexit Start Trigger by April 2017
Prime Minister Theresa May's team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the U.K.'s withdrawal from the European Union, according ...
Allianz, AXA Reportedly Bidding for StanChart Asia Insurance Rights
Allianz SE, Europe's biggest insurer, and France's Axa SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, ...