News
Chubb CEO Greenberg Disses ‘Overpriced’ M&A Market, Lloyd’s Underwriting Practices
Don't expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an "overpriced" market. "The prices ...
Corporations Shielded From Human-Rights Suits in New SCOTUS Ruling
The U.S. Supreme Court ruled that victims of overseas atrocities can't use a centuries-old law to sue foreign corporations for complicity, blunting what once was a favorite legal tool for ...
Arch Re Will Pass Runoff Liabilities Onto Catalina General Insurance
Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance Ltd. The reinsurance transaction specifically involves some ...
Chubb Stung by Catastrophe Losses, Net Income Still Steady
Chubb felt the sting of higher catastrophe losses during its 2018 first quarter and a dip in underwriting income, but the insurance giant made a profit and saw its P/C net premiums rise. Net income ...
Lloyd’s Will Say Goodbye to Most Paper Trading in Less Than Two Years
Most business on the Lloyd's of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance ...
Travelers, Dinged by High Cat Losses, Reports Otherwise Solid Q1
The Travelers Company's 2018 first-quarter numbers reflect steep catastrophe losses but an otherwise profitable period due to strong results in net premiums written and higher premium renewals across ...
Flying Taxi Startup Brings on Iconic Auto Designer and Fiat Vet
Lilium, a German startup with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the ...
Many Global Insurers Plan to Beef Up Private Equity Investments: Goldman Sachs
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in ...