Specialty
Natural Catastrophe Economic Losses Hit a Record $353B in 2017: Aon Benfield
Insured losses for last year's 330 natural catastrophes reached $134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon ...
UK Official: Britain Wants a Brexit With No Changes
The U.K. has revealed for the first time what kind of trade deal it wants businesses to have with the European Union after Brexit -- and in British eyes, nothing will change. Brexit Secretary David ...
QBE Faces $1.2B in ‘Unprecedented’ Natural Catastrophe Claims for 2017
QBE announced to the market this week that it expects a $1.2 billion after-tax loss in 2017 on "unprecedented" natural catastrophe claims. "This has been a challenging year for QBE, reflecting an ...
The Latest Launches From Beazley and Allstate
Beazley is adding more new options to its Breach Response coverage for small and midsize policyholders in the United States. Allstate Roadside Services is expanding a pilot program with Lyft designed ...
Cybersecurity Firm Optiv Expands Into Europe, Seeks Acquisitions
Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe, where it will offer its cybersecurity management and consultancy services, executives ...
AXIS Capital Weaves Greater Tech Use Into New Reorg Plan
AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place ...
Expect Up to $19B in Losses With a U.S. Cloud-Computing Failure
A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd's of London ...
U.S. Commercial Auto Rate Hikes Thus Far May Not Reverse Losses: A.M. Best
The U.S. commercial automobile insurance segment saw big rate jumps in the first three quarters of 2017, but they may not be enough to reverse underwriting losses, A.M. Best said in a new report. ...