Industry News
Travelers CEO Discloses He Suffers From a ‘Neuromuscular Condition’
The Travelers Cos. Chairman and CEO Jay Fishman disclosed that he is suffering from a "neuromuscular condition" that might require a cane or other aids in the future to get around. At the same time, ...
Liberty Mutual: Most Parents Lack Extra Coverage For Play Dates
Most parents lack umbrella liability insurance for everyday routines such as carpooling and hosting other children in their homes, Liberty Mutual determined in a new survey. The auto and home insurer ...
World Bank May Help Indemnify Ebola Vaccine Makers
The World Bank may help indemnify Ebola vaccine makers in case any liabilities arise, as countries and international aid groups support drugmakers racing to develop preventions for the virus. ...
Hiscox Hires Lipuma to Run USA Financial Services Division
Hiscox announced that it has appointed Neil Lipuma as senior vice president for Hiscox USA. Lipuma will oversee the strategic direction, sales and marketing activities for the specialist insurer's ...
Primary, Excess Layer D&O Pricing Still Moving in Opposite Directions: Aon
Overall price declines for directors and officers liability insurance programs of publicly traded companies continue to be driven by excess-layer price drops, Aon's Financial Services Group concluded ...
Willis Brings on AIG Exec to (Eventually) Run U.K. Insurance Arm
A veteran AIG executive is set to become the next CEO of Willis Group Holdings' U.K. insurance arm, but the transition process will be a gradual one. Nicholas Aubert has been named "chief executive ...
HSBC Slammed By Turkey Cyber Attack; 2.7M Customers’ Bank Data Lost
HSBC Holdings Plc's Turkish unit said it lost 2.7 million customers' bank data in a cyber-attack, after a similar security breach at JPMorgan Chase & Co. The hack resulted in the theft of data on ...
Report: China’s Anbang Insurance Mulling a $2B IPO
Anbang Insurance Group Co., the Chinese insurer buying New York's Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter ...