Industry News

AXA XL Hires Its First-Ever Global Chief Underwriting Officer for Cyber

A veteran of Beazley, Gen Re and Zurich is joining AXA XL as its first-ever global chief underwriting officer for cyber. Elizabeth (Libby) Benet will focus on helping to manage AXA XL's cyber risk ...

Nissan Driverless Car Completes 230-Mile Journey in UK

A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop driverless technologies which are ...

Chubb’s Q4 Soars With Strong P/C Premium Gains

Chubb has plenty to celebrate about its 2019 fourth quarter. The property/casualty insurer enjoyed a large jump in net income due mostly to rate hikes and P/C underwriting gains. Chubb's catastrophe ...

Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: AM Best

Ratings firm AM Best said it expects that China's non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including ...

Aon Grabs Cybersecurity Firm to Bolster Division That Handles Cyber Hacks

Aon Plc bought closely held Canadian firm Cytelligence Inc. to help boost its ability to respond to and investigate attacks on computer systems. Aon picked up employees with cybersecurity consulting ...

Singapore Will Add More Climate Change Risks to Financial Industry Stress Tests

Singapore plans to include a broader range of climate change-related risks in a future stress test of its financial industry, a government minister said. The Monetary Authority of Singapore plans to ...

Executives On The Move at Liberty Mutual and RenaissanceRe

Liberty Mutual appointed one of its veteran executives to lead its Global Risk Solutions arm in North America. RenaissanceRe Holdings Ltd. hired a new head of human resources.

The Hartford’s 2019 Navigators Acquisition Pays Off

The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group. Net income hit $543 million, ...