International
Cyber Attack on AXA Prompts Mexico Central Bank Alert
Mexico's central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported "inconsistencies" in the cash payment matching system. ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...
Chubb Reports Robust Financial Results, With Predictions of More to Come
Chubb scored robust results for its 2018 third quarter, with solid profit, increases in net premiums written and a healthy property/casualty combined ratio. "We're confident and optimistic about our ...
April, the French Insurer, Is Drawing Interest From Potential Suitors
French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, ...
Owners of Singapore Reinsurer ACR Capital Holdings May Revive Sale Efforts
ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. ...
The Latest Launches From AIR Worldwide and London Market Group
AIR Worldwide said it has come up with a new cyber risk model that can account for specific incidents for global insurance portfolios. The London Market Group (LMG) will work with Sequel to develop a ...
UK PM May Urges Lawmaker Backing as Brexit Talks Reach Final Stages
Prime Minister Theresa May urged restive lawmakers to back her in the final stages of Britain's exit from the European Union, saying talks were in their most difficult phase even if a deal was close. ...
Swiss Re, Cerberus, Among Parties Exploring Anbang Insurance Investment
China's attempts to find new investors for Anbang Insurance Group Co. are gathering pace, as Cerberus Capital Management LP to Swiss Re AG size up the embattled insurer and its overseas operations. ...
Executives On The Move at Axis Capital Holdings and Everest Insurance
AXIS Capital Holdings brought on an Allied World veteran to fill a new executive position. Everest Insurance has given one of its longtime executives additional responsibilities.