International
Zurich Reportedly Joining Wave of Companies Cutting Malaysia Stakes
Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 ...
Executives On The Move at Sompo International and Erie Insurance
Sompo International Holdings promoted one of its veteran executives to a newly created position, and he'll also keep his existing leadership slot. Erie Insurance promoted one of its rising executives ...
The Latest Launches From Beazley, Travelers and Munich Re America
Beazley added a helpline to help UK policyholders evaluate coverage affected by the new General Data Protection Regulation. The Travelers Companies Inc. now has new digital capabilities within its ...
Chubb CEO Greenberg Disses ‘Overpriced’ M&A Market, Lloyd’s Underwriting Practices
Don't expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an "overpriced" market. "The prices ...
Arch Re Will Pass Runoff Liabilities Onto Catalina General Insurance
Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance Ltd. The reinsurance transaction specifically involves some ...
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 ...