International
The Driverless Car Market Could Be Worth $42 Billion in a Decade
Vehicles that drive themselves on the freeway or take over in traffic jams may be on the road in large numbers by 2017 and autonomous cars might create a $42 billion market for the technology by ...
S&P: Changes to New TRIA Law Could Harm Small Insurers
Standard & Poor's offered a note of caution this week about the reauthorization of the federal terrorism reinsurance program, warning that changes made by Congress to boost co-insurance and ...
2014 Natural Catastrophe Losses Well Below Average: Munich Re
Overall losses from natural catastrophes totaled $110 billion in 2014, down from $140 billion in 2013, due to a lack of severe catastrophes and a quiet North Atlantic hurricane season, according to a ...
Qatar Re Appoints Ex- JLT Re CEO Speare-Cole as CUO
Qatar Re announced the appointment of Alastair Speare-Cole as chief underwriting officer, effective Jan. 12, 2015. He replaces Willi Schürch, who is retiring. Qatar Re CEO Gunther Saacke said that ...
Ukraine Blames Russia For Hacker Attack Against German Government
Ukraine's prime minister blamed Russian intelligence on Thursday for a hacker attack against German government websites, for which a pro-Russian group claimed responsibility. The attack on Wednesday ...
Insurers Hope to Identify AirAsia Crash Beneficiaries by Month’s End
Insurers have begun processing claims in the crash of an IndonesiaAirAsia aircraft last month and hope to identify the beneficiaries by the end of January, an official from Indonesia's financial ...
Guy Carpenter Reinsurance Pricing Index Plunges 11 Percent
Prices charged by reinsurers for annual contracts renewed this month declined for a second straight year amid an absence of costly disasters, Guy Carpenter said. "Reinsurance pricing fell in many ...
Marsh Acquires Belgian Trade Credit Insurer
Insurance broker Marsh announced Wednesday that it has acquired Trade Insure NV, a leading distributor of credit insurance policies in Belgium. Terms of the transaction were not disclosed. Founded in ...