Industry News
Montpelier Re CEO: Flat Net Written Premiums Likely For Q1
Montpelier Re Insurance Holdings President and CEO Christopher Harris said he expects 2015 first quarter net written premiums to be flat compared to the same period a year ago. The reason: results ...
Towers Watson: Insurers Worry About Flat Growth and Low Interest Rates
Most insurers expect business conditions to remain flat or even become worse over the next few years. Within that context, regulatory changes and continued low interest rates remain their top ...
New York Payout to Madoff Victims Will Surpass $7.2B
The trustee liquidating Bernard Madoff's firm on Monday said he is distributing another $355.8 million to the swindler's victims, bringing the total payout to more than $7.2 billion. Irving Picard, ...
Insurers Face New York Cybersecurity Review After Anthem Attack
New York's Financial Services Department said on Monday it planned to do regular cybersecurity reviews of insurers in the wake of the massive breach at health insurer Anthem Inc. The state agency ...
Anthem, Reeling From a Data Breach, Warns U.S. Customers About an Email Scam
Health insurer Anthem Inc on Friday warned U.S. customers about an email scam targeting former and current members whose personal information was suspected to have been breached in a massive cyber ...
Zurich Insurance May Sell Stake in Money Manager Firm
Zurich Insurance Group AG, Switzerland's largest insurer, hired Evercore Partners Inc. to value its majority stake in Seven Investment Management LLP, a person with knowledge of the matter said. ...
QBE North America Rolls Out M&A-Related Transactional Liability Practice
QBE North America is launching a new transactional liability practice designed for clients involved in mergers and acquisitions. The initiative reflects its latest expansion into other specialty ...
China-Backed Hackers Suspected in Anthem Cyber Attack
Investigators of Anthem Inc.'s data breach are pursuing evidence that points to Chinese state-sponsored hackers who are stealing personal information from health-care companies for purposes other ...