News
Hackers Steal Data From 400,000 Client Accounts at Italy’s UniCredit Bank
UniCredit SpA, Italy's No. 1 bank, said hackers took biographical and loan data from 400,000 client accounts in one of the biggest breaches of European banking security this year. The attack occurred ...
The Latest Launches From Starr Companies, Ironshore and AIG
Starr Companies added new features to its Directors & Officers policy. Ironshore has a new product that helps serve the Lloyd's China platform. AIG Travel has added new products but changed its ...
U.S. House Votes to Erase Lawsuit Rule Forcing Customers Into Arbitration
The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers band together in lawsuits, as the agency that drafted the measure, the ...
Blue Marble, The Nature Conservancy Team to Offer Microinsurance for Ranchers in Latin America
The Nature Conservancy (TNC) and Blue Marble Microinsurance said they've formed a partnership designed to provide microinsurance for small ranchers in Latin America who use a weather-resilient ...
Markel Corp. to Snatch up State National for $919 Million
Markel Corp. will acquire State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both ...
Advanced Analytics Can Help Insurers Boost Customer Service at Multiple Points
The one constant in insurance is that there will always be new innovations and trends that suddenly disrupt the industry. Some of the newest disruptive forces include the Internet of Things (IoT), ...
W.R. Berkley Cut Back Reinsurance Underwriting in a Flat Q2
Weather related losses and a competitive reinsurance business nudged W.R. Berkley Corp.'s 2017 second quarter combined ratio higher. But a nearly 5 percent growth investment income and gains in ...
Berkshire Hathaway Reportedly in Talks to Buy Stake in Brazilian Reinsurer
Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin America's biggest reinsurer, IRB Brasil Resseguros SA, after an initial public ...