International
Travelers CEO Schnitzer: ‘Our Disciplined Underwriting Stood Up to the Storms’
While hurricanes hammered Travelers with $700 million in pre-tax catastrophe losses, the property casualty insurer still ended its 2017 third quarter in the black. Travelers reported $293 million in ...
Another J&J Lawsuit: Patients in UK Trial Claim Hip Implants Were Defective
A Johnson & Johnson unit was accused of injuring hundreds of patients by selling "defective" hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy ...
Executives On The Move at Arch Capital Group and Everest Re
Arch Capital Group Ltd. made a number of senior management changes in its worldwide reinsurance group. Everest Re added two new senior underwriters to its London-based team. *** Arch Capital Group ...
Wi-Fi Vulnerable to Hacking Due to Newly-Discovered System Flaw
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...
Carrier Innovation Broadening Commercial Insurance Reach in Changing Economy: Swiss Re
Carrier innovation is giving commercial insurance a broader reach as the economy continues to deal with major structural changes, according to a new Swiss Re sigma report. The reinsurer noted that ...
Ireland Confronts Aftermath of Ophelia, Its Worst Storm in 50-Plus Years
Irish authorities will begin to clean up and count the cost of the worst storm to hit the country in more than 50 years, after Ophelia left a trail of destruction in its wake. At least three people ...
Cyber Risk Rises to Top of Corporate Agenda With EU Regulatory Deadline: Marsh
The upcoming implementation of the European Union's General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for ...