Specialty
AmTrust Soars on NASDAQ After Filing Delayed 2016 Annual Report
After two delays, AmTrust Financial Services has finally released its 2016 annual report and updated financials dating back to 2014. Investors appear to be elated by the news. AmTrust's stock soared ...
2017 Insurance Industry Mergers Could Reach Record Levels: Conning
Signs point to 2017 being another year of "robust" mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, ...
Brexit Escape Clause Goal of Lawsuit Filed in Irish Court
A lawyer and a trio of Green party politicians filed an Irish lawsuit seeking to give the U.K. a last-minute Brexit escape clause if public sympathy turns against leaving the European Union during ...
New AIG Cybersecurity Product to Help Protect Wealthy Clients Against Personal Data Theft
American International Group is joining insurers offering products that offer consumers safeguards against hackers and cyber criminals who might steal personal data. The U.S. insurer plans to roll ...
Uber Self-Driving Car Program at Risk; Engineer Allegedly Stole Trade Secrets
A judge said he's inclined to slap an order on Uber Technologies Inc. that may impede its self-driving car program after being told its director won't testify because he faces possible criminal ...
Market Pressures Rise for Bermuda Insurers and Reinsurers: A.M. Best
Bermuda market insurers and reinsurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve ...
Lloyd’s 2016 Underwriting Profit Takes Hit From Higher Natural Catastrophe Losses
Lloyd's reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion). That's level with 2015, despite a worsening of the market's combined ratio at 97.9 percent, compared with 90.0 percent in ...
Bedbugs Help Drive Increase in U.S. Animal-Related Insurance Claims
Bedbugs in hotel rooms and aggressive peacocks are some of the creatures behind an uptick in animal-related insurance claims filed by U.S. businesses, according to a study published on Thursday by ...