International
Cyber Risks Remain for Financial Firms, Even Outside Their Defenses
The biggest financial firms see significant risk from cyber attacks, even if their companies aren't the ones being targeted. While banks and asset managers have spent billions on cybersecurity, they ...
The Hartford’s $2.1B Bid for Navigators Stands Alone, as No Rivals Emerge
Specialty insurer Navigators Group announced the expiration of a 30-day "go-shop" period provided for under the terms of its merger agreement with The Hartford Financial Services Group. Navigators ...
Berlin-Based InsurTech Startup Debuts Home Content Insurance Cover; Micro Policies Planned
InsurTech startup Coya has launched home content insurance cover, designed to be "affordable, transparent and easily accessible." But Berlin-based Coya said home insurance is just the start and that ...
Bank of England Urges Banks to Accelerate Climate Change Risk Plans
Only a small fraction of banks in Britain are planning properly to mitigate risks to their businesses from climate change, the Bank of England said on Wednesday, adding it would push lenders to take ...
China’s Anbang Insurance Group Draws Multiple Bidders for $200M in Japanese Real Estate
Anbang Insurance Group Co Ltd aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two ...
Cautious Carriers Often Pursue Innovation Warily: A.M. Best
Insurers are reluctant pursuers of innovation, cautious about disruption that new technology and systems can cause, even as they see the need for such changes. A new A.M. Best survey found that most ...
The Latest Launches From AXIS and Starr
AXIS Insurance and a partner will provide environmental risk products for contractors, consultants and engineers in the United States. Starr Insurance Companies is now marketing a monoline general ...
Executives On the Move at Chubb, AXA XL and Cooper Levenson
Chubb named a new head of North American Property Claims, as the old one plans a retirement at the end of 2018. AXA XL named a new key executive in the wake of AXA's acquisition of XL Group. A ...