Industry News
China Urged By U.S. Businesses to Delay New Cybersecurity Regs
U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret ...
Berkshire Hathaway Specialty Insurance Hires Rival Execs For Canadian Expansion
Berkshire Hathaway Specialty Insurance is expanding into Canada, and it has named executives from Gen Re, AIG and Chubb to help pursue the company's plan. There are three hires in all: Scott Miller ...
CNA Advances Two Executives in Underwriting and Sales
CNA Financial Corporation has promoted two executives to new positions in underwriting and sales. The country's seventh largest commercial insurance writer (and 13th largest property/casualty ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
‘Ghost’ Cyber Threat Hopefully Thwarted By New Linux Patch
Red Hat Inc and other makers of the widely used Linux operating system for business computers updated their software on Tuesday to thwart a serious new cyber threat they warned could allow hackers to ...
Risky Mortgage Bonds Returning Under a New Name
The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime. Hedge fund Seer Capital Management, money manager ...
Fitch Ratings: Bermuda Reinsurers Adapting To a Tough 2015 Ahead
Merger-mania may be accelerating among property/casualty reinsurers. But as Fitch Ratings sees it, the Bermuda market in 2015 is adapting in the face of heavy competition, alternate sources of ...
MA, RI and ME Still Face Blizzard Conditions As Storm Continues
A U.S. blizzard swept past New York City and struck hardest at some 4.5 million people around Boston, dropping nearly three feet of snow in areas and triggering high tides that breached a seawall and ...