International
U.K. Auto Insurer Hastings Eyes Potential IPO After Triumphant 2014
Hastings Insurance Group increased its customer base by 20 percent in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year. ...
AIG Brings on Kaiser Exec As First-Ever Chief Technology Officer
American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock ...
AXA Strategic Ventures Invests in a French ‘Big Data’ Startup
AXA Strategic Ventures has made a $1 million investment in the French tech startup company Evercontact, a cloud service that extracts contact information in emails and shares and updates them ...
AIG Plans to Go Global With Commercial Drone Underwriting Strategy
Now there are three. American International Group disclosed it is the latest insurer to win Federal Aviation Administration approval to operate commercial drones, following similar actions with USAA ...
U.K.-Based Insurers Face Risks If Nation Exits European Union: A.M. Best
Insurers based in the United Kingdom underwriting a material amount of European business should be monitoring the potential consequences of the United Kingdom exiting or renegotiating its position ...
Willis Snatches Up Mexican Rival With Eye On Emerging Market Growth
Willis Group said it is acquiring a broker based in Mexico to boost its growth potential in a key emerging market. The global insurance and reinsurance broker said it is snatching up Carsa ...
Uber Seeks U.S. Court Dismissal of Lawsuit Regarding Alleged Delhi Rape
Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. The ...
Cyclone Niklas European Insured Losses Could Hit $2B: AIR Worldwide
When Cyclone Niklas slammed into parts of Europe at the end of March, it turns out the insured losses the storm caused were substantial. AIR Worldwide estimates the final tally will range between ...