International
Reinsurers Risk Profits if Normal Catastrophe Levels Return: S&P
Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of ...
Berkshire Hathaway Specialty Insurance and Tego to Underwrite Medical Indemnity in Australia
Berkshire Hathaway Specialty Insurance and Tego Insurance announced that they will jointly underwrite medical indemnity insurance in Australia. According to a statement from BHSI, the companies are ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Global P/C Insurance Rate Declines Slowed Again in Q2: Marsh
The state of global insurance rates in the 2016 second quarter is very much a mixed bag. On the one hand, global insurance rates declined for the 13th consecutive quarter. However, this is the second ...
Liberty Mutual Turns to China for Latest Asia Joint Venture
Liberty Mutual Insurance, a longtime player in China, has formed a new joint venture there in a bid to become a major presence in a market dominated by local rivals. The Boston-based insurer said it ...
AIG Will Sell Mortgage Guaranty Unit to Arch Capital for $3.4B
American International Group Inc said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion. AIG, the largest commercial insurer in the United States and ...
Argo Division Grabs Renewal Rights to Allied World’s Asia Marine Hull Business
Argo Group member and Lloyd's insurer ArgoGlobal said it has acquired the renewal rights for Allied World's marine hull business in Asia. The transaction completed on August 5. "I am very pleased ...
New U.S. Audi Vehicles Will Have Ability to Talk to Traffic Signals
German carmaker Audi is rolling out technology that will allow its vehicles in the United States to communicate with traffic signals, allowing for a more stress-free ride in what it says is the car ...
Many VW Keyless Systems Appear Vulnerable to Hacking
Tens of millions of vehicles sold by Volkswagen AG over the past 20 years, and some current models, are vulnerable to theft because keyless entry systems can be hacked using cheap technical devices, ...