International
Hawaii Still Vulnerable to a Weakened Hurricane Lane
Hurricane Lane has lost some of its punch as it prepares to brush past Hawaii but still threatens to inflict "tens of millions of dollars" in damages on the islands. The storm weakened to Category 4 ...
For QBE, a Focus on Profitable Underwriting Begins to Pay Off
QBE's restructuring over the last year has focused on exiting loss-making businesses and portfolios, while rigorously emphasizing profitable underwriting across the group. Good progress has been made ...
The Hartford, Eyeing Specialty Markets, Will Grab Navigators in $2.1B Cash Deal
The Hartford plans to snatch up The Navigators Group in a $2.1 billion cash deal that will boost its specialty insurance and reinsurance offerings while giving it a larger global reach. Plans call ...
With No Clarity on Trade Deal, UK Insurers Speed Brexit Plans: A.M. Best
In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business ...
Insurance Premiums From InsurTech to Exceed $400B by 2023
Insurance premiums generated by emerging InsurTech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a new study from U.K.-based Juniper Research. The ...
China’s Online Insurer ZhongAn Announces SoftBank Investment; Overseas Growth Planned
ZhongAn Online P&C Insurance Co. Ltd., the first Internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, ...
Teen Reportedly Hacks Apple Mainframe; Company Reassures Customers
Apple Inc said on Friday no customer data was compromised after Australian media reported a teenager had pleaded guilty to hacking into its main computer network, downloading internal files and ...
Banks Strengthen Security After ATM Cyber Attack Plot Warning From FBI
Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. "The FBI routinely advises private industry of ...