International
AIG’s Limits for Terror Cover Quadruple to $1 Billion
American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities. The previous limit was $250 million, ...
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...
Chubb CEO Greenberg: Enhanced Digital Experience Coming for High-Net-Worth Customers
Chubb CEO Evan Greenberg said the insurer plans to enhance its high-net-worth customers' digital experience in the coming months, underscoring the growing importance of InsurTech improvements as part ...
Chinese M&A Continues; Billionaire Investor Moves to Snag Genworth
China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth ...
Mitsui Buys 15% of XL’s New Ocean Capital; Commits $100M Investment Funds
Mitsui & Co., Japan's second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make ...
Online Sites From N.Y. to L.A. Crashed Friday in Hacker Web-Host Siege
Millions of internet users temporarily lost access to some of the world's most popular websites Friday, as hackers hammered servers along the U.S. East Coast with phony traffic until they crashed, ...
Typhoon Haima Hits China; Earthquake Strikes Eastern Japan
AIR Worldwide issued two new weather event updates, covering Typhoon Haima in the Philippines and China and an earthquake in Japan. After wreaking havoc with heavy rains in northern Luzon and ...
RMS Hurricane Matthew Insured Loss Estimate: $5B in U.S., $3B for Caribbean
Hurricane Matthew-related insured losses are still being tallied, but RMS said that the number will reach as high as $5 billion in the U.S. and $3 billon in the Caribbean. The catastrophe modeling ...