International
Yahoo Discloses Second Massive Hack Attack; More Than 1 Billion Hit in 2013
Yahoo! Inc. disclosed a second major security breach that may have affected more than 1 billion user accounts, another blow to the company's reputation as it nears the sale of its main web businesses ...
Reinsurance Sector Can’t Shake A.M. Best Negative Outlook, Despite Market Bottoming
The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually ...
Ex-Chubb Exec to Help Build XL Catlin’s North America M&A Insurance Business
XL Catlin hired a former Chubb executive and another expert who will be charged with helping to build up its M&A insurance business in North America. Ex-Chubb exec Michael McGowan and Joseph Laws ...
Amazon Airdrops Popcorn in Drone Delivery Milestone
Retail giant Amazon.com Inc. has made its first drone delivery to an actual customer, dropping off a Fire TV device and a bag of popcorn to a house in the rural English countryside 13 minutes after ...
RenRe Treasurer and Chief Investment Officer Fonner to Depart in March
RenaissanceRe Holdings said that its chief investment officer and treasurer will be leaving the Bermuda-based reinsurer in the 2017 first quarter. Two people will take over his responsibilities. Todd ...
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...
Tokio Millennium Re Restructures Third Party Capital Markets Facilitation Arm
A division of Tokio Millennium Re focused on third party capital markets facilitation is changing its management structure in a bid to boost efficiency. The changes are coming to Tokio Solution ...
Munich Re’s von Bomhard Named 2017 Insurance Hall of Fame Laureate
A Munich Re executive has been named the 2017 Insurance Hall of Fame Laureate. Nikolaus von Bomhard is chairman of the Board of Management of Munich Re. He'll be inducted at the July 3 awards dinner ...