International
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 ...
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 ...