Industry News
British PM May Gains Some Hope as Brexit Deadline Reaches Final Stretch
British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of ...
Insurer Pledges Student Loan Relief if Employees Give Up Vacation Days
Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new ...
The Latest Launches From Chubb, Swiss Re and Cape Analytics
Chubb is debuting a new Media Industry Practice for the UK and Ireland. Swiss Re Corporate Solutions teamed with a French cyber security startup auto debut new cyber coverage for small businesses ...
Allstate Reports $312 Million Loss in Q4
The Allstate Corp. lost $312 million in its 2018 fourth quarter, hammered by higher catastrophe losses, a drop in investment income and a larger pension settlement charge. Still, the losses could ...
Judge Pauses Lawsuits Against Canadian Cryptocurrency Company Whose Founder Died
A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax ...
Natural Catastrophes Knock Down Munich Re’s Q4 Net Profit by 56 Percent
German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to ...
The Latest Launches From Beazley and Sompo International
Beazley has combined its cyber and executive risk capabilities into a new division. Sompo Global Risk Solutions (GRS) will offer specialized property and liability protection to U.S. banks and ...
Chubb’s Q4 Net Income Nosedives; Investment Returns Surge, Premium Revenue Grows
Chubb's 2018 fourth quarter was a mixed bag, with a surge in catastrophe losses, but a growth in premium revenue, better global P/C pricing and record net investment income. The insurer booked $355 ...