International
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 ...
AIG Execs: Cyber Insurance Demand Will Soar in China, Asia Following WannaCry Attack
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at ...
Bulk of July Natural Disasters Slam Asia; Damage Tally Surpasses $10B
The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report ...