Reinsurance
Validus Saw Net Income Plunge in Q4 in Competitive Market
Validus Holdings saw its income plunge in the 2015 fourth quarter Chairman and CEO Ed Noonan said, however, that the Bermuda-based insurance and reinsurance holding enjoyed premium gains in some ...
California Will Require Drivers for Driverless Cars
Google Inc. envisions a world where a blind man can get in his car alone and tell it to take him to the grocery store. California regulators say self-driving automobiles aren't smart enough yet to ...
Reporter’s Notebook: Could Insurance Be the Economic Engine for the Internet of Things?
Fill in the blank: Advertising is to the Internet as <Blank> is to the Internet of Things. Until I attended the Property/Casualty Insurance Joint Industry Forum earlier this month, the ...
Your Toaster Could be at Risk for a Cyber Attack
Hijacking "smart" toasters and refrigerators and hacking corporate ventilation systems are among the new threats envisioned by cyber security experts as an increasing array of items are connected to ...
A.M. Best Places AIG’s Financial Strength Rating Under Review, with Negative Implications
AIG's massive strategic plan - including a move to boost its loss reserves - caught the attention of A.M. Best. The ratings outfit is not impressed. The financial strength rating for American ...
Ukraine Grid Attack Sparks Worry Among U.S. Utilities About Getting Cyber Cover
U.S. utilities are looking hard at their cyber vulnerabilities and whether they can get insurance to cover what could be a multi-billion dollar loss after hackers cut electric power to more than ...
Insurance Industry M&A Set to Surge: Willis Towers Watson
Insurance industry M&A activity will intensify, rather than dissipate, over the next few years, according to a Willis Towers Watson survey of senior insurance executives. Approximately 82 percent ...
Executives On The Move at XL Catlin, Allied World, RSA and Everest Re
XL Catlin brought in a new claims executive. Allied World hired a former XL Catlin executive to help guide its professional liability business. A pending resignation at RSA spurred several new ...