Industry News
Report: Scor, Alleghany May Submit Rival M&A Bids for PartnerRe
PartnerRe Ltd. jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break ...
AIR Worldwide Vet to Lead Berkshire Hathaway Specialty Insurance’s Cat Engineering/Analytics Arm
Berkshire Hathaway Specialty Insurance brought in an AIR Worldwide executive to lead its new catastrophe engineering/analytics division. Akshay Gupta's will be head of Catastrophe Engineering & ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
Uber Investor Google May Be Ramping Up Its Own Ridesharing Service
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the ...
Allstate Rolls Out Super-Fast, Same-day Claims Payment System
Allstate is launching a new electronic system capable of making same-day claims payments to a customer's bank account – a process enabled by an email address or cell phone. Allstate dubbed the new ...
Viewpoint: U.S. Cybersecurity Not Possible Without Govt. Participation
Chances are, your company's computers will come under attack sometime soon. The perpetrators may want to steal personal information. They may want trade secrets or intellectual property. They may ...
Nationwide’s ‘Dead Boy’ Super Bowl Ad Stirs Controversy
Nationwide Insurance defended its Super Bowl ad featuring a "dead" boy, saying on Monday that it was intended to start a conversation about preventable accidents, not sell insurance. The ad, labeled ...
Enstar Closes $218M Buy of South Carolina P/C Outfit
Bermuda-based Enstar Group Ltd. has completed its $218 million acquisition of Companion Property and Casualty Insurance Company from Blue Cross Blue Shield of South Carolina. A bank loan facility ...