Specialty
Europe’s Biggest Insurers Hit With Massive Bill From Boeing Crashes
Europe's biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co. 737 Max planes. Munich Re reckons it could pay 150 million euros ($168 ...
Weaker Post-Brexit Rules for Insurers, Banks Would Be a Disaster: BoE Official
Weakening rules for banks and insurers after Brexit would be "anathema," but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said ...
Generali Sees Large Profit Increase, but Regulatory Changes Hit Capital Reserves
Generali, Italy's biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali's ...
RMS Unleashes Open Data Modeling Standard With No License or Fee Required
Catastrophe modeler RMS said it is debuting an open data standard that doesn't require a license, fees or permissions for usage. Known as the Risk Data Object, or RDO, the data structure is designed ...
Chubb Boosts Efforts to Slash Greenhouse Gas Emissions
Chubb is accelerating plans to go green within its own operations in a big way. The property/casualty insurance giant said it has a new companywide goal to slash its global greenhouse gas emissions ...
Female Attorneys Frequently Sexually Harassed, Bullied at Work: Global Survey
One in three female attorneys has been sexually harassed at work, and half have been bullied, according to a global survey that brings law firms into a #MeToo movement that started in Hollywood and ...
Marine Insurance Premiums Could Rise for Some After Saudi Ship, Facility Attacks
Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline ...
Allianz Profit Beats Estimates; Managed Assets Reach Record
Allianz SE's giant investment business saw managed assets grow to a record as clients added 18 billion euros ($20 billion) in the first quarter, reversing outflows at the end of last year. The new ...