International
Higher Claims, Falling Prices Hurt Munich Re’s Q4 Profit
Munich Re, the world's biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to ...
Only 5 Percent of Large UK Firms Have Board-Level Cyber Expertise: Deloitte
Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital ...
Forms are the foundation of every insurance product. So why does managing them still feel like the slowest part of...
Catastrophe Tests Show London Insurers’ Capital Risks and Resilience
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in ...
VW Slapped With Yet Another Emissions Suit, This Time From a Fish Distributor
Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe's biggest ...
Executives On The Move at Chubb, Hamilton USA, Navigators and More
Chubb promoted one of its executives to a new position – chief digital officer. There's another newly-created position at Hamilton USA – head of Strategy and Innovation – with an up-and-coming ...
Trump Administration Tax Reforms Could Dampen Bermuda Market’s Competitive Advantages: S&P
Bermuda insurers and reinsurers may lose their competitive advantage due to U.S. President Donald Trump's plan to restructure the U.S. tax code, Standard & Poor's warns in a new report. Few ...
Allianz CEO Has $3.2B to Use for M&A. Will He?
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...
Ransomware Attacks Quadrupled in 2016; They’ll Double in 2017: Beazley
Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in 2016 and the insurer projects they will double ...