Reinsurance
Double-Digit Rate Hikes Help Propel W.R. Berkley’s Robust Q1 Results
W.R. Berkley Corp. reported record quarterly underwriting income, double-digit premium growth and healthy rate increases in the first quarter. The commercial lines insurer and reinsurer also saw its ...
White House Unveils 100-Day Plan to Protect Power Grid From Cyber Attacks
The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and ...
Brexit Hits London Worse Than Expected as Financial Firms Shift Business Elsewhere
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a ...
Ex-Allianz CFO Wemmer Is Launching a SPAC to Target Insurance Deals
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three ...
EU Will Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of ...
Lloyd’s Lab Innovation Program Chooses 11 InsurTech Startups for Next Cohort
Lloyd's announced the next 11 InsurTech start-ups that are participating in the sixth cohort of its Lloyd's Lab innovation accelerator program. These InsurTechs will be focused on creating simpler ...
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
AIG, Lemonade, Among Insurers Who Signed Letter Opposing Laws Restricting Voting Rights
A handful of insurance industry executives signed a letter from hundreds of major companies, corporate leaders and celebrities released on Wednesday stating opposition to laws restricting voting ...