News
Marine Insurers Fill Iran Oil Cover Shortfall Stemming from U.S. Sanctions
Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington's sanctions, according to ...
2015 Was Safest Year for Shipping in the Last Decade: Allianz
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), with 85 total losses reported worldwide last year, down ...
Supreme Court Allows NFL Players’ Video Game Image Rights Claims to Proceed
The U.S. Supreme Court on Monday rejected Electronic Arts Inc.'s bid to revive its free speech defense in a lawsuit filed by former NFL players who accused the video game maker of using their ...
Post-Merger Chubb Covets More of the High Net Worth Market Pie
Its acquisition of Fireman's Fund's business in April, 2015 provided ACE Ltd. with an idea of what's involved in integrating two leading high net worth insurance businesses. Frances D. O'Brien is now ...
Fitch Recommends Slower P/C Insurance Embrace of Cyber Risks
Cyber risk may be the fastest growing segment in property/casualty insurance, but carriers should be measured about boosting their presence in the space, Fitch Ratings warned in a new report. Why go ...
Chubb Finalizes Bermuda Leadership Team, Renames Division
Chubb said it has rounded out the new leadership team for its Bermuda-based operations and also plans to rename the division. Both actions follow the nearly $30 billion merger of ACE Ltd. and Chubb ...
Jury Orders J&J to Pay $502M in Hip Implant Failure Patient Lawsuit
Johnson & Johnson was ordered to pay $502 million to a group of patients who accused the company of hiding flaws in its Pinnacle artificial hips that caused the devices to prematurely fail and ...
France’s AXA is Latest Insurer with CEO Change; De Castries Retirement Date Set
Axa SA Chairman and Chief Executive Officer Henri de Castries is leaving earlier than expected, handing over the post of CEO to Thomas Buberl as France's largest insurer splits its top jobs. De ...