International
Reinsurers Turn to Fintech Startups for Diversification in Soft Market
When Micah Carr-Hill wanted to insure Chief, the labrador that helps with his son's autism therapy, he found an ally in Munich Re, the world's biggest reinsurer. The German company had just teamed up ...
HBO Tried to Delay Hacker Data Release With $250,000 Offer
Time Warner Inc's HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according to an ...
Anbang Insurance Workers Comp Complaint Seeks to Reveal Ownership Secrets
A U.S. labor group representing more than 1,000 workers at hotels owned by Anbang Insurance Group Co. is asking authorities to force the Chinese firm to disclose its ownership and financing. The ...
Zurich Net Income Grows by Double Digits; Restructuring Program on Track
Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and ...
Takata Hopes Latest U.S. Bankruptcy Filing Will Pause Air Bag Lawsuits
Japanese auto supplier Takata Corp filed for U.S. bankruptcy protection on Wednesday in an effort to pause lawsuits against the company over faulty air bag inflators - more than a month after its ...
Post-Hurricane Andrew, Miami Is Increasingly Vulnerable to Catastrophic Storm Damage: Swiss Re
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city's vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance ...
Insurance M&A Deals Now at Lowest Level Since 2015: Clyde & Co.
The volume of completed mergers and acquisitions in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second ...
Executives On The Move at JLT Specialty USA, Markel and Assurant
JLT Specialty USA hired a new executive as its vice president, Global Service Team. Specialist insurer Markel International brought on a new Singapore-based political risk underwriter. Assurant, a ...