Specialty
Cyber Attack on AXA Prompts Mexico Central Bank Alert
Mexico's central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported "inconsistencies" in the cash payment matching system. ...
Relax, Uber’s Not Interested in Entering Insurance Business
While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...
April, the French Insurer, Is Drawing Interest From Potential Suitors
French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, ...
Aspen Contacted More Than Two Dozen Potential Buyers, Filing Says
Although Aspen Insurance Holdings, through its representatives, reached out to 26 potential parties to find a buyer for the company, 17 said they weren't interested right off the bat, according to ...
Owners of Singapore Reinsurer ACR Capital Holdings May Revive Sale Efforts
ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. ...
The Latest Launches From AIR Worldwide and London Market Group
AIR Worldwide said it has come up with a new cyber risk model that can account for specific incidents for global insurance portfolios. The London Market Group (LMG) will work with Sequel to develop a ...
An Upgrade for ICW Group: A.M. Best Issues an “A” Financial Strength Rating
ICW Group Insurance Companies now has an "A" financial strength rating from A.M. Best, an upgrade that stems from a stronger balance sheet and healthy performance. ICW Group encompasses property, ...