International
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
No Monday Morning Reprieve for Cyber Attack Victims
An unrivaled global cyber-attack is poised to continue claiming victims Monday as people return to work and turn on their desktop computers, even as hospitals and other facilities gained the upper ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
UK Hospitals Hit in Worldwide Ransomware Attack
Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British ...
Bermuda Insurers, Reinsurers Hammered by Ogden Rate Change, More Natural Catastrophe Losses
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...
The Latest Launches From Everest Insurance and Tokio Marine HCC
Everest Insurance is teaming with a cybersecurity firm to launch insurance coverage meant to help make private equity policyholders saver from cyberattacks. A division of Tokio Marine HCC unveiled a ...
Insurance Will Overtake Banks as Bigger Contributor to Swiss Economy
Switzerland's financial center is in the midst of a power shift. The Alpine country's less fashionable insurers, long overshadowed by glamorous private banks around Zurich's posh Paradeplatz and Lake ...
Generali Sees Profit Potential in Expanded Asset Management Operations
Generali is looking to buy portfolio management teams to expand its asset management operations and beef up its fee-based business, the Italian group said after reporting a 9 percent fall in ...
French Insurer AXA Moves to Cut Stake in AllianceBernstein With U.S. IPO
A week after Axa SA ousted Peter Kraus from its AllianceBernstein Holding LP unit, the French insurer is taking steps to reduce its financial investment in the money manager to raise cash for deals. ...