International
Autonomous Cargo Ships May Be Coming. What Are the Risks?
BHP Billiton Ltd., the world's biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may ...
French Blockchain Startup Stratumn Raises $7.9M
U.S. exchange group Nasdaq Inc has joined a 7 million-euro ($7.9 million) investment round in Stratumn, which helps companies develop applications using blockchain technology, the Paris-based startup ...
AmTrust to Sell National General Shares for $211.7 Million
AmTrust Financial Services agreed to sell more than 10 million shares it owns in National General Holdings Corp for $211.7 million, a move the specialty property/casualty insurance holding company ...
Cyber Liability Rate Renewals Dipped in Q1 as Coverage Capacity Soars: Marsh
Cyber coverage has been a rapidly growing business segment for P/C insurers for years. But much more capacity may have led to this: U.S. cyber liability renewal rates declined during the 2017 first ...
Brexit Process Uncertain in Wake of May’s Failed Election Gambit
Theresa May was battling for survival as Britain's prime minister after her gamble to call an early election backfired spectacularly, casting doubt over the government's make-up as well as the ...
$3 Billion: May’s Insurance Bill for Severe U.S. Weather Outbreaks
Public and private insurers forked over nearly $3 billion to cover claims related to severe weather outbreaks in the U.S. for May. Overall aggregated economic losses: more than $4 billion, Aon ...
Executives On The Move at XL Catlin, Ironshore and Willis Towers Watson
XL Catlin promoted an executive to lead its international environmental arm. Ironshore hired a new executive in Australia. Willis Towers Watson appointed an executive to guide its global risk ...
Markel Combines Wholesale and Global Arms Into Single Unit, With Efficiency in Mind
Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines ...