Industry News
AXA XL Advances Alternative Capital Biz by Buying 100% of New Ocean
AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. New Ocean is ...
Brexit Turmoil Increases Likelihood of Widespread UK Business Interruption Risks
British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a ...
USAA Tops List Ranking Insurers’ Reputations
USAA Insurance has the highest and best overall reputation among insurers, according to a new report from the Reputation Institute. The insurer landed in the top spot based on criteria including ...
$9B to $13B in Insured Losses Estimated for Camp, Woolsey Calif. Fires: RMS
The Camp and Woolsey wildfires in California will likely cause between $9 billion and $13 billion in insured losses, catastrophe modeler RMS concludes in a new estimate. That breaks down to $7.5-$10 ...
The Latest Launches From Willis Towers Watson and Travelers
Willis Towers Watson is debuting cover designed to address cyber exposures affecting airports around the globe. The Travelers Companies will pair with two other outfits to explore the potential ...
China Advances Plan to Let Foreign Insurers Control Local Joint Ventures
China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people ...
China’s Ping An Insurance Invests in German Fintech Incubator
Ping An Insurance Group Co., China's biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany's Finleap GmbH in its latest round of funding. The ...
Chubb Partners With The Nature Conservancy to Help Protect Miami Coastline
Chubb announced that it is partnering with The Nature Conservancy, the world's largest conservation organization, to work together in Miami to reduce the risk from storm impacts and rising sea levels ...