Specialty
Fitch Recommends Slower P/C Insurance Embrace of Cyber Risks
Cyber risk may be the fastest growing segment in property/casualty insurance, but carriers should be measured about boosting their presence in the space, Fitch Ratings warned in a new report. Why go ...
Chubb Finalizes Bermuda Leadership Team, Renames Division
Chubb said it has rounded out the new leadership team for its Bermuda-based operations and also plans to rename the division. Both actions follow the nearly $30 billion merger of ACE Ltd. and Chubb ...
Jury Orders J&J to Pay $502M in Hip Implant Failure Patient Lawsuit
Johnson & Johnson was ordered to pay $502 million to a group of patients who accused the company of hiding flaws in its Pinnacle artificial hips that caused the devices to prematurely fail and ...
France’s AXA is Latest Insurer with CEO Change; De Castries Retirement Date Set
Axa SA Chairman and Chief Executive Officer Henri de Castries is leaving earlier than expected, handing over the post of CEO to Thomas Buberl as France's largest insurer splits its top jobs. De ...
Uber Wants to Buy Self-Driving Cars: Report
Ride-hailing service Uber has sounded out car companies about placing a large order for self-driving cars, an auto industry source said on Friday. "They wanted autonomous cars," the source, who ...
A Working National Flood Insurance Bill by Fall? It’s Possible
The 2016 election season won't hamper ongoing work on renewing and reforming the U.S. government's struggling National Flood Insurance Program well before it expires in September 2017, a leading ...
Relaxed Cuba Travel Restrictions Increase Demand for Insurance
More Americans are expected to head to Cuba thanks to relaxed travel restrictions, and those travelers are going to need insurance to meet the country's entry requirements, says travel insurance ...
PartnerRe’s $6.9B Sale to EXOR Closes; Fitch Responds with Ratings Downgrade
PartnerRe's new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the ...