Industry News
Spain and Netherlands Will Push for Soft Brexit Deal to Keep UK Close
Spanish and Dutch finance ministers have agreed to push for a Brexit deal that keeps Britain as close to the European Union as possible, according to a person familiar with the situation. Spanish ...
The Hartford, Travelers Among Companies Offering Trump Tax Law-Related Bonuses
Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less ...
RenRe, RGA Launch Langhorne Re, a Life/Annuity Reinsurer
Catastrophe reinsurer RenaissanceRe is getting into the life/annuity reinsurance business. The company disclosed that it, along with Reinsurance Group of America, a global life insurer, have launched ...
Alternative Capital Showed Resilience in Face of 2017 Catastrophes: Aon Benfield
Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance ...
Apple’s Battery Controversy Draws U.S. Senator’s Attention
The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter ...
NYC Suit Against Oil Companies Over Climate Change Damage Faces Uphill Battle
New York City's effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address ...
Wildfires, Trump Tax Cuts to Cause XL Group Some Q4 Pain
Fourth-quarter natural catastrophes took a toll on XL Group Ltd.'s bottom line, and the new Trump tax cuts will also cause some temporary pain, based on revised estimates from the Bermuda-based ...
Allianz Group Will Acquire DAS Switzerland, a Legal Protection Insurer, From Munich Re’s ERGO
Allianz Group has agreed to acquire the legal protection insurer DAS Switzerland and the assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG, the Munich Re subsidiary. The ...