News
Up to 16 Named Storms Forecast During Atlantic Hurricane Season
Researchers again boosted the number of storms the Atlantic may produce before the hurricane season ends as a missing Pacific El Nino and warm waters present favorable storm conditions. As many as 16 ...
Underwriting Losses Depress Berkshire Hathaway’s Q2 Profit
Warren Buffett's Berkshire Hathaway Inc. is finding it hard to grind out higher profits this year, in large part because of slumping results at its insurance businesses. Gains at the conglomerate's ...
Executives On The Move at Chubb and Willis Towers Watson
Chubb tapped two former Zurich executives and a third from within the company for its regional claims team. Willis Towers Watson appointed aa new corporate risk and broking market leader and ...
Wells Fargo Will Fork Over $108M to Settle Lawsuit Over Veterans’ Loans
Wells Fargo & Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees ...
Liberty Mutual’s Ironshore Acquisition Helps Buttress Q2 Results
Liberty Mutual reported an improved 2017 second quarter, with a big jump in net premiums written and net income driven by its $3 billion acquisition of property/casualty specialty insurer Ironshore ...
Allianz’s PIMCO Touts $62B in Q2 Inflows; Ivascyn Credited With Turnaround
Allianz SE three years ago bet the future of its then $2 trillion bond firm on Dan Ivascyn, a little-known money manager at the time who had been picked to succeed Pacific Investment Management Co. ...
Frequency of Cyber Breach Attacks Down: RMS Report
While it may seem like more cyber breach attacks are being reported than ever before, the number of breach events in the United States has been declining over the last three years, an RMS expert said ...
Silent Attacks and Cyber War: What Cyber Insurance Experts Worry About
During the RMS Cyber Risk Seminar, RMS SVP Peter Ulrich asked cyber insurance market participants what keeps them up at night. Here's what they said. Lori Bailey, global head of special lines for ...