International
Apple Getting Another $539M From Samsung in Long Fought Patent Battle
Apple Inc. won $539 million from Samsung Electronics Co. in the final throes of the companies' U.S. court struggle over smartphone technology, seven years after the start of a global patent battle. ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
Executives On The Move at AIG and The Hanover Insurance Group
AIG is bringing on a veteran executive from Zurich Insurance and Liberty Mutual to lead its China operations. The Hanover Insurance Group expanded its surety leadership team to support its growth in ...
Insurers Back Global Regulation Provision in Newly-Passed Banking Reform Bill
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is ...
Lloyd’s Wins Approval to Open Its Post-Brexit London Subsidiary
Lloyd's of London has approval for its post-Brexit EU outpost in Belgium. The license approval came from the National Bank of Belgium for Lloyd's Insurance Co., or the Lloyd's Brussels outfit. ...
Hackers Have Infected Routers, Storage Devices Globally. Will Russia Again Attack Ukraine?
Cisco Systems Inc on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in ...
Executives On The Move at AXIS Capital Holdings and Guy Carpenter
An AIG veteran is joining AXIS Capital Holdings as its new head of Investor Relations. Guy Carpenter & Company appointed a new managing director and senior broker for its UK non-marine ...
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...