News
A.M. Best Clarifies Stance on AXIS-PartnerRe Deal
While characterizing their opinion as neither an endorsement nor a recommendation of the proposed merger of AXIS Capital and PartnerRe, rating analysts from A.M. Best clarified that their stance on ...
Near Collision for Two Self-Driving Cars, Passenger Says
Two self-driving prototype cars, one operated by Google Inc. and the other by Delphi Automotive Plc, had a close call on a Silicon Valley street earlier this week, a Delphi executive told Reuters ...
XL Catlin Expands Cyber Breach Service Partnerships
XL Catlin has become the latest entity in the property/casualty industry to beef up its cyber breach services in an effort to respond to customer need and demand. The insurer said it has added a ...
Allianz, Unipol Join With New U.K. Insurance Industry Startup ‘BootCamp’
Allianz, Unipol Group and other international insurance players are participating partners in a new "bootcamp" launched in the U.K. for industry startups. An underlying goal: to propel innovation, ...
Global Insurance Regulators Delay Tougher Capital Rules For One Year
Global insurance regulators will take more time than previously planned to address industry concerns before applying tougher capital rules to some of the largest companies they oversee. Capital rules ...
Ex-AIG CEO Greenberg Sees Higher Purpose in Appeal of Federal Court Ruling
Maurice "Hank" Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.'s bailout isn't enough, and that he's seeking financial damages to hold the government ...
Sizing Up the P/C M&A Landscape; Analyst Wary of ‘Industrial’ Buyers
A fixed income analyst specializing in the property/casualty insurance sector is growing uncomfortable with a potential trend he sees developing in the M&A landscape—interest in insurance ...
Florida Citizens to Ask for Rate Hikes in 2016
Florida has dodged hurricanes for the last decade, but the state's largest property insurer says it needs to keep hiking the rates paid by those customers who live along the coast and in heavily ...