International
Price Increases Boost Chubb’s Premiums but Net Income Dips Slightly
Chubb's saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. "This quarter was about growth and ...
New UK PM Johnson Has 100 Days to Deliver Brexit
Incoming Prime Minister Boris Johnson has 100 days to deliver on his promise of leading the U.K. out of the European Union. The Brexit deal his predecessor struck with the bloc is "dead," "defunct" ...
Rate Hikes Drive Beazley’s H1 Earnings Significantly Higher
Lloyd's of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth ...
Travelers Boosted Q2 Net Income, Thanks to Lower Cat Losses and Investment Income Spike
The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. Lower catastrophe losses and higher ...
Startups Focused on Smart Home, Contract-Management AI Tech Secure Financing
Two startups have raised early stage financing designed to advance technology from which insurers can benefit. One company is developing smart home technology to help reduce claims risks. Another is ...
Executives On The Move at AIG, Liberty Specialty Markets and Alliant
AIG hired a former pharmaceutical company executive to be its new Chief Human Resources Officer. Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, a former British cyber ...
China Opens Door to More Foreign Investment in Financial Sector
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors ...
Google Settles 2010 Privacy Lawsuit With Modest Payment Agreement
Google is poised to pay a modest $13 million to end a 2010 privacy lawsuit that was once called the biggest U.S. wiretap case everand threatened the internet giant with billions of dollars in ...