International
Arch Insurance Seals Purchase of Ardonagh’s UK Commercial Lines Business
Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which ...
A New Way to Fight Cyber Attacks: Artificial Intelligence
Last year, Microsoft Corp.'s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company's administrators, who usually logs on from New York, ...
The Latest Launches From Marsh and Travelers
Marsh debuted what it is billing as a "next-generation online cyber self-assessment tool." Travelers will start providing U.S. auto claims services for a major ridesharing startup.
Tokio Marine Workers Comp Carrier Safety National Acquires an MGA
Workers compensation carrier Safety National Casualty Corp. has acquired Midlands Management Corporation, a managing general agent and wholesale broker. The deal gives both companies access to new ...
January Renewals Are Splitting Into Two Tracks: Willis Re
Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records, and the rest, with many reinsurers placing emphasis on the quality of ...
Brexit May Not Happen if UK Parliament Rejects May’s Agreement: Report
The chances of the U.K. leaving the European Union are "50-50'' if Parliament rejects Prime Minister Theresa May's withdrawal agreement in January, International Trade Secretary Liam Fox said in a ...
Global Reinsurance Prices Are Falling, Even With Big Cat Losses: JLT Re
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent in Jan. 1 policy renewals, the broker said on Wednesday, dashing the industry's hopes of higher reinsurance premiums after a ...
The Hanover Completes Sale of Chaucer Biz to China Re
The Hanover Insurance Group heads into 2019 free of its Chaucer international specialty business. That's thanks to China Reinsurance Group, which closed its purchase of the division on Dec. 28, ...
Generali Nearly Doubles Investment in Indian Insurance Joint Venture
Generali Group has finalized plans to nearly double the stake in its Indian insurance joint venture with Future Group. Its investment will jump from 25.5 percent to 49 percent, representing a ...