Specialty
Insurers Will Gain by Innovating for the Internet of Things
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, ...
Allianz Unveils North American Transactional Liability Unit as M&A Surges
Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer's Allianz Global ...
Smart Car-Makers Could Outmaneuver Traditional Auto Insurers
As Internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled ...
Executives On The Move at Berkshire Hathaway Specialty Insurance, ANV and Allianz
Berkshire Hathaway Specialty Insurance named four executives to lead a new division in the U.S. and Canada. ANV named a new executive to one of its divisions. Allianz appointed a new CEO to its ...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures
AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary ...
Hacking/Malware Attacks Surge at Banks and Credit Unions: Beazley
Financial institutions such as small banks and credit unions faced a huge spike in the number of hacking and malware attacks during the first six months of 2016, Beazley found in a new report. ...
Berkshire Hathaway Acquisition Could Spur More Medical Professional Liability M&A
Berkshire Hathaway's plan to purchase a medical professional liability insurer specialty writer may have greater implications for the sector at large. Fitch Ratings said the M&A agreement will ...
Suit Would Force British PM to Consult Parliament Before Triggering Brexit
A lawsuit seeking to force Prime Minister Theresa May to consult parliament before beginning Britain's exit from the European Union will be taken "very seriously" and may reach the Supreme Court by ...