News
Malaysia Airlines’ Latest Woe: A Cyber Attack
A group calling itself "Official Cyber Caliphate" said it hacked on Monday the official website of national carrier Malaysia Airlines (MAS), but the airline said its data servers remained intact and ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
California Retracts Requirement for Uber Mandating Commercial Plates
California has retracted a notice that said private drivers for ride-sharing companies such as Uber Technologies Inc. and Lyft Inc. must have a commercial license plate or risk getting a citation. ...
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
Green Bonds Issuance is Soaring Despite Fuzzy Standards
Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth ...
Willis Beefs Up China Operations With Expansion in Mind
Willis Group Holdings plc, a global insurance and reinsurance broker, is beefing up its operations in China to drive further expansion there. The primary effort revolves around a series of promotions ...
What Boards Would Like to Know About Catastrophe Losses
As the founder of AIR, one of the top two modeling companies, and its CEO for 20 years, I spent much of my career informing insurers and reinsurers about catastrophe models and extolling the virtues ...
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...