International
Onslaught of Ransomware Hacks Force Carriers to Reassess Cyber Business
The hacks came one right after another, sowing chaos at hospitals, idling America's biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 ...
Heaviest Rains in 1,000 Years Strike Chinese Province, Killing at Least 25
At least 25 people have died in China's flood-stricken central province of Henan, a dozen of them in a subway line in its capital that was drenched by what weather officials called the heaviest rains ...
Executives On The Move at Pie Insurance and Arch Reinsurance
Pie Insurance appointed a number of new executives and a new board member. Arch Reinsurance Ltd. named a new Chief Financial Officer. *** Pie Insurance, an InsurTech focused on workers comp insurance ...
Germany’s Severe Floods Will Hurt, but Insurer Earnings Should Not See Major Impact: Fitch Ratings
The severe floods in Germany could add up to 5 percentage points to German non-life insurers' net combined ratios (net claims and expenses to net premiums), according to Fitch Ratings. The insured ...
InsurTech NY Will Study Sector’s Corporate Venture Capital Evolution
InsurTech NY, which bills itself as the largest InsurTech community in North America, said it will launch a study focused on corporate venture capital in the sector. Such a project will produce ...
J&J Reportedly Considering Putting Talc Liabilities Into Bankruptcy
Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven ...
Zego, Supported by Swiss Re, Joins bp to Insure London Electric Vehicle Trial
Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp's electric vehicle trial in London, called "bp ...
After State Auto, Liberty Mutual Turns to Malaysia for Next Acquisition
Liberty Mutual Insurance is disclosing acquisition plans for the second time in two weeks. This time, the Boston-based mutual insurance holding company said it will apply for regulatory approval to ...