Industry News
Travelers to Help Test Virtual Reality Tech as Workers Comp-Related Pain Treatment
The Travelers Companies is part of a new pilot project testing virtual reality and wearable technology to treat pain and better manage workers compensation risks. Cedars-Sinai Medical Center, Samsung ...
EU Offers Britain Post-Brexit Trade Deal Far Short of May’s Wishes
The EU on Wednesday offered Britain a free trade deal for their post-Brexit ties that fell well short of ambitions set out by Prime Minister Theresa May last week, notably for the country's dominant ...
Ransomware Attacks, Cloud Outages Among Top Concerns for Cyber Insurers: Aon Benfield
The rate of cyber extortion incidents continued to increase during the fourth quarter of 2017. In fact, despite a significant lag in reporting time, the total number of cyber extortion events ...
AXA’s $15.3B Deal to Buy XL Group Leads to S&P CreditWatch Negative Status
Standard & Poor's placed France's AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the ...
The Latest Launches From FICO, Greenlight Capital Re and USI Affinity/Hanover
FICO has a new insurance dashboard designed to help underwriters better understand cybersecurity and other exposures. Greenlight Capital Re debuted a new innovation unit. USI Affinity will offer ...
From a Romantic Swiss Hotel to Mega-M&A Deal: The AXA/XL Story
FROM THE ARCHIVES: A VINTAGE M&A ARTICLE FROM 2018 This narrative of the events that led up to the deal is the result of on- and off-record interviews and briefings with more than half a dozen ...
Self-Driving Cars: Bill to Speed Up Deployment, Testing Gets Accelerated Lobbying Push
Major automakers on Monday joined forces with tech companies and a variety of interest groups to urge the U.S. Senate to take up, before the end of May, a stalled bill aimed at speeding the ...
Sompo International Rolls Out European Specialty Insurance Underwriting Division
Sompo International is launching a new European specialty insurance underwriting operation. The Bermuda-based specialty provider of property/casualty insurance said the division initially will focus ...