Specialty
Munich Re, US Launches New Drone Insurance Product
Munich Reinsurance America, Inc. (Munich Re, US), announced the launch of a new commercial drone insurance endorsement last week, highlighting the impact of Federal Aviation Agency Rule 107, opening ...
Hackers May Be Trying to Breach Admin Networks of Nuclear, Other Energy Facilities: DHS, FBI
Nuclear and other energy providers have been advised by the Department of Homeland Security and the FBI that hackers may be trying to breach their computer systems. DHS said in a statement Friday ...
Zurich Board Proposal: Liès to Succeed de Swaan as Chair in 2018
Zurich Insurance Group announced last week that the board of directors will propose the election of Michel M. Liès as Chair at the Annual General Meeting (AGM) to be held April 4, 2018. Upon his ...
Tax Software Firm at Center of Cyber Attack Knew of Problems; Criminal Liability Possible
The small Ukrainian tax software company that is accused of being the patient zero of a damaging global cyber epidemic is under investigation and will face charges, the head of Ukraine's Cyber Police ...
The Latest Launches From Swiss Re/Ping An and Chubb
Swiss Re and Ping An Property & Casualty Insurance Company in China debuted a new product for the China market. Chubb said it has once again updated coverage options for technology companies ...
Insurers May Face $2.5B in Claims With Next WannaCry Cyber Attack
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. "It's exceptionally likely that we will see an ...
Watsa’s Fairfax Financial Closes ‘Most Significant’ Deal Yet: $4.9B Allied World Acquisition
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for $4.9 billion – marking ...
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...