International
Chubb Stung by Catastrophe Losses, Net Income Still Steady
Chubb felt the sting of higher catastrophe losses during its 2018 first quarter and a dip in underwriting income, but the insurance giant made a profit and saw its P/C net premiums rise. Net income ...
Lloyd’s Will Say Goodbye to Most Paper Trading in Less Than Two Years
Most business on the Lloyd's of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance ...
Flying Taxi Startup Brings on Iconic Auto Designer and Fiat Vet
Lilium, a German startup with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the ...
Many Global Insurers Plan to Beef Up Private Equity Investments: Goldman Sachs
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in ...
Cyber Insurance Is Quite Profitable at the Moment: PwC
Most carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a new global survey of specialist ...
Israel’s Kovrr Debuts Predictive Cyber Risk Modeling Tool
The Israeli company Kovrr launched a new predictive cyber risk modeling platform designed to help P/C insurers underwriter cyber risk more efficiently. Kovrr analyzes millions of emerging cyber ...
Munich Re CEO Predicts 2018 Turnaround, Would Welcome Anchor Investor If Approached
Munich Re would welcome a long-term investor taking a significant stake in the company as the world's largest reinsurer eyes a return to profit growth this year, its CEO told Reuters. Joachim ...
Cyber Action: EU’s North Launches Hacker-Proof Digital Highway
In this age of social media leaks and foreign election hacking, the ability to transmit sensitive personal information securely across borders is more valuable than ever. Finland and Estonia, two of ...