International
Allianz Hurricane Claims Dampened Profit, but PIMCO Unit Surged
A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn't enough to stop Allianz SE from raising its dividend. Europe's biggest insurer will increase ...
Prudential Financial Will Buy 13.1% Stake in Peak Re
Prudential Financial is buying a 13.1 percent stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd. The deal is taking place through a wholly owned subsidiary of Prudential Financial Inc. ...
Cybersecurity High on Executives’ Lists; Relatively Few Have Plan to Address It
Most executives now see cybersecurity as a major risk management priority, but relatively few have a plan in place to address it or are confident their companies can deal with the problem. The ...
Brexit Risks Making London Lose Ground to New York as Global Financial Center
The U.K.'s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world's leading financial centers, Bundesbank Executive Board Member ...
Commercial Property Rates Rising by Double Digits: Willis Towers Watson
Commercial property insurers are pursuing double-digit rate hikes in the wake of 2017's historic natural catastrophes and the $143 billion in global estimated insured losses they caused. But ...
The Latest Launches From QBE, GuideOne/Roost and Zurich/CoverWallet
QBE North America has teamed up with a company to expand access to some of its professional liability coverage. GuideOne Insurance has started offering Roost Smart Water Leak and Freeze Detectors in ...
‘Olympic Destroyer’ Malware Likely Used to Target Pyeongchang Games
Several U.S. cyber security firms said on Monday that they had uncovered a computer virus dubbed "Olympic Destroyer" that was likely used in an attack on Friday's opening ceremony of the Pyeongchang ...
Where Is the InsurTech Capital of the World?
There was a time not so long ago when Hartford, Conn., was widely known as the "Insurance Capital of the World." These days, Hartford has work to do to reclaim that title. But with insurance ...