Industry News
Opinion: Putting a Price Tag on Volkswagen’s Emission-Fraud Liability
An $18 billion liability figure attached itself last Friday to Volkswagen's diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a ...
ACE Buys 24% Stake in Tech Outfit Developing Online Commercial Insurance Platform
CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
AIG, Swiss Re and XL Catlin Execs Join Terrorism Insurance Government Advisory Committee
Executives from AIG, Swiss Re, XL Catlin and Lloyd's of London are among the insurance industry executives who will serve on a new government advisory committee that will help shape private market ...
Munich Re, Marsh Debut Coverage For Life Sciences Companies Sidelined by FDA
Munich Re and Marsh are hoping life sciences will respond to new insurance coverage coverage designed to protect them in the wake of U.S. Food and Drug Administration-mandated manufacturing ...
Swiss Re Unit Increases Life Insurance Holdings with $2.5B Guardian Buy
Swiss Re's business unit Admin Re is acquiring Guardian Holdings Europe Ltd. from buyout firm Cinven for 1.6 billion pounds ($2.5 billion) to increase its portfolio of U.K. life-insurance policies. ...
China’s President Pledges Cyber Security Cooperation and Resolution
Chinese President Xi Jinping opened his U.S. visit by seeking to ease concerns on almost every dispute between the two powers, even expressing readiness to cut a deal on one of the thorniest issues, ...
Insurers Stand to Win by Marketing to Women Globally: AXA and IFC
Women will become a vital customer base for insurers in the coming years as they play an increasing role in economic growth within emerging and other global markets. That's what the French insurer ...
Volkswagen: 11 Million Cars Affected by Falsified U.S. Vehicle Emission Tests
Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide as investigations of its diesel models multiplied, heaping fresh pressure on CEO ...