Industry News
The Hartford Acquiring E&S Player Maxum Specialty
The Hartford has entered into a definitive agreement to buy Northern Homelands Company, the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in ...
Munich Re Plans New $1.1B Share Buyback; Profit Expected to Plunge
Munich Re, the world's second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to ...
The Latest Launches From Ironshore, Brit, QBE and More
Ironshore is expanding its cyber coverage in Canada. RealRate and Pinnacle Actuarial Resources will jointly offer a beefed up comparative price tool for commercial auto insurance. Brit launched new ...
Cuba Presents Huge Insurance Market Opportunities (in Theory)
Cuba presents significant opportunities for insurers and others businesses in the months ahead as the U.S. restores diplomatic ties. The market is not a slam-dunk, however, as it presents significant ...
Security Firms Blame Chinese Hackers for U.S. Ransomware Attacks
Hackers using tactics and tools previously associated with Chinese government-supported computer network intrusions have joined the booming cyber crime industry of ransomware, four security firms ...
Bill Gross’s $200M Suit against Allianz’s PIMCO Allowed to Proceed
Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that Pacific Investment Management Co owes him in the wake of his 2014 ouster from the firm he ...
Driverless Cars May Go Nowhere Unless Congress Passes Nationwide Rules
A patchwork of state laws governing the operation of self-driving cars threatens to stall their development, supporters told lawmakers as U.S. senators began consideration of a national standard for ...
North American Specialty Insurer Operating Earnings Soared in 2015: Fitch
North American specialty insurers saw their aggregate operating earnings jump to $3.4 billion in 2015, up almost 11 percent versus the previous year. The data, from a new Fitch Ratings special ...