News
AXA Will Push P/C, Protection and Health Insurance Growth Through 2020
French insurer AXA confirmed its key 2020 financial targets on Tuesday after announcing a management shake-up that saw the departure of several senior executives. Chief Executive Thomas Buberl, at ...
Cyber Insurance Market Will Near $17B by 2023: P&S Market Research
The global cyber insurance market, valued at $3.4 billion in 2016, is forecasted to reach nearly $17 billion by 2023, growing at a compound annual growth rate of more than 20 percent from 2017-2023, ...
Travelers Plans to Stick to Current ‘Prudent’ Cyber Insurance Growth Rate
Travelers Cos Inc plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer ...
Calif. Wildfires Could Leave Behind $8B in Insured Losses: Aon Benfield
California's historic wildfires may lead to as much as $8 billion in insured losses. That's a record for insurers, according the October 2017 Global Catastrophe Recap from Aon Benfield's Impact ...
The Latest Launches From AIG and Guidewire
AIG and a new partner will work on improving technology for investment portfolio data management. Guidewire Software rolled out enhancements to its InsurancePlatform product, changes designed to help ...
Colgate-Palmolive Settles Talc/Asbestos Lawsuit
Colgate-Palmolive Co. agreed to settle a lawsuit claiming its talcum-powder products caused a Pennsylvania woman to develop mesothelioma, a fatal lung disease tied to asbestos exposure. New ...
China Will Let Overseas Firms Buy Majority Stakes in Its Domestic Insurers
China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local ...
Climate Risks Leave Insurers Bracing for Perilous Future
After one of the worst Atlantic hurricane seasons in history, the world's biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against ...