Industry News
Sony CEO: Insurance Will Completely Cover Cyber Attack Costs
Over the past seven weeks, Sony Pictures' chief executive has dealt with the fallout from a cyber attack he likens to having your house robbed and burned to the ground. But the devastating hack, he ...
FHA Actions May Force Private Mortgage Insurers to Cut Premiums
Private mortgage insurers in the United States may have to cut premiums to better compete with the Federal Housing Administration, which plans to reduce premiums in the government's latest attempt to ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Deal Backstory: XL, Catlin Get in Front of M&A Trend Creating $10B Specialty, Re Leader
If you believe consolidation is happening, why wouldn't you want to get out in front and choose your own partner? That's the simple way that Stephen Catlin, founder and CEO of Catlin Group Limited, ...
Cagney Joining KBW Insurance Practice
Keefe, Bruyette & Woods, a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector announced the appointment of Richard Cagney as Managing ...
The Driverless Car Market Could Be Worth $42 Billion in a Decade
Vehicles that drive themselves on the freeway or take over in traffic jams may be on the road in large numbers by 2017 and autonomous cars might create a $42 billion market for the technology by ...
S&P: Changes to New TRIA Law Could Harm Small Insurers
Standard & Poor's offered a note of caution this week about the reauthorization of the federal terrorism reinsurance program, warning that changes made by Congress to boost co-insurance and ...
Google Poised to Enter U.S. Auto Insurance Market: Report
Giant search engine Google, which already offers auto insurance online in the United Kingdom, could soon be selling auto insurance online in the U.S. Google Compare Auto Insurance Services Inc., its ...
XL Group Triggers Plan to Grab Catlin for $4.2 Billion
XL Group Plc agreed to purchase Catlin Group Ltd., a Lloyd's of London company, for about 2.8 billion pounds ($4.2 billion) as the property-casualty insurer expands in specialized commercial ...