Specialty
General Motors Mass Produces Self-Driving Chevy Bolt Test Vehicles
General Motors Co. says it has built 130 self-driving Chevrolet Bolt electric cars at a factory in suburban Detroit, making it among the first automakers to mass produce self-driving vehicles. The ...
Cyber Insurance Premium Tally: $1.3B in 2016, a 35 Percent Hike
Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest ...
American Express Boosts Next Insurance’s Series A Round to $35M
Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. ...
Heat Wave Prevents Dozens of Planes From Flying in Phoenix
Summer heat can make even the hardiest people wilt and collapse into a pool of sweat. The same is true for the Bombardier Inc. family of regional jets—it can become too hot to fly them when the ...
QBE Cautions Emerging Markets’ Division Hammered by Higher Claims
Sydney-based QBE warns that its Emerging Markets' division has experienced an unexpected surge in claims from January through May due to multiple factors. As a result, this division is expected to ...
Executives On The Move at XL Catlin and JLT Specialty USA
XL Catlin brought on two new executives from Chubb and CNA to help support continued expansion of its inland marine field operations. JLT Specialty USA made a number of key appointments and ...
Allianz Late to Party in Tapping Asia as Major Growth Engine
Allianz SE, the German insurer that stemmed outflows at U.S. asset manager Pimco, is now trying to bulk up on the other side of the world. "Asia is still a relatively small part of the overall global ...
Cyber Risk Rating Principles Emerge From U.S. Banks, Others
More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cybersecurity ratings and to challenge ...