International
Swiss Re Switches $130B in Liquid Assets to Track Ethical Indices
Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world's second-largest ...
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
AXIS Will Grab Lloyd’s Specialty Insurer/Reinsurer Novae for $604M
AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty insurer and reinsurer that operates through Lloyd's of London. "The US$604 million transaction adds scale and breadth ...
Executives On The Move at Fidelis, Zurich, Lloyds and Willis Re
Fidelis Insurance disclosed it is hiring a former Hiscox Re executive to help lead a new effort focused on niche specialty excess of loss business. Lloyd's has a new deputy chairperson. Willis Re ...
NotPetya Global Cyber Attack Leaves Ukraine Scrambling to Contain New Threat
The Ukrainian software firm used as part of last week's global cyber attack warned on Wednesday that all computers sharing a network with its infected accounting software had been compromised by ...
J&J Hit With Australian Class Action Suit Over Pelvic Mesh Complications
Australian women have brought a class-action case against Johnson & Johnson over complications arising from vaginal mesh implants - a lawsuit that follows many others in the United States, Canada ...
The Hanover’s Chaucer Acquires Lloyd’s MGA Focused on Sports, Leisure, Entertainment
The Hanover Insurance Group snatched up a Lloyd's managing general underwriting agency based in Australia, in a deal that will boost its competitive status there and also expand its overall specialty ...
H1 Catastrophe Bond Issuance Produces Massive $8.8B in New Limit: PCS
Catastrophe bond issuance for the 2017 first half reached new records for the sector, with its nearly $8.8 billion in new limit coming in larger than the biggest full year in catastrophe bond market ...