News
The Latest Launches From Swiss Re/Ping An and Chubb
Swiss Re and Ping An Property & Casualty Insurance Company in China debuted a new product for the China market. Chubb said it has once again updated coverage options for technology companies ...
W.R. Berkley Corp. Sells D. C. Real Estate for $120 Million
W.R. Berkley Corp. has sold a piece of real estate in Washington, D.C. for a sizable price. The Connecticut-based insurer and reinsurer said it will report a realized pre-tax gain of about $120 ...
Prepare for Future Cyber Threats Today
While the form of cyber attack a business or organization is likely to suffer depends mostly on the work of that enterprise, the evidence is pretty clear that the most menacing attacks—ransomware ...
Insurers May Face $2.5B in Claims With Next WannaCry Cyber Attack
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. "It's exceptionally likely that we will see an ...
Watsa’s Fairfax Financial Closes ‘Most Significant’ Deal Yet: $4.9B Allied World Acquisition
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for $4.9 billion – marking ...
Swiss Re Switches $130B in Liquid Assets to Track Ethical Indices
Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world's second-largest ...
New AIG Global COO Zaffino Gets Initial Pay Package Worth Over $8.5M
American International Group's new Global Chief Operating Officer Peter Zaffino starts his tenure at the struggling insurer with an initial pay package worth more than $8.5 million, according to a ...
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...