News
Coalition Joins Canada’s Excess Cyber Insurance Market
Coalition plans to enter the excess cyber insurance market in Canada with enhanced coverage to help protect businesses. With the coverage, the San Francisco-based cyber insurance and security company ...
AIG Will Use IPO, Sale to Blackstone, to Unload Pieces of Life/Retirement Biz
American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with ...
AXIS Re Promotes Three Executives in Bid to Beef Up Product Leadership Efforts
AXIS Re promoted three executives - two to newly-created positions – as part of an effort to strengthen product leadership within the company. Simon Stirnemann has been promoted to AXIS Re Head of ...
Liberty Mutual’s Financial Strength Ratings Won’t Be Harmed by State Auto Acquisition: Fitch Ratings
Liberty Mutual Holding Company's planned $1 billion cash acquisition of State Auto Group should not affect its financial strength rating at all, Fitch Ratings said. The reason: Liberty Mutual is ...
Cape Analytics Pulls in $44M in New Financing From Multiple Investors
Cape Analytics has attracted $44 million in new financing, and the provider of property data plans to use the funds for expansion, accelerated product development, and hiring of more machine ...
Aviva Warns UK Government Safety Plan for High-Rise Buildings Could Push Away Investors
Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property ...
Climate Change Financial ‘Stress Tests’ Need Better Data and Modeling: Global Oversight Body
Climate change financial 'stress tests' will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or ...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals?
Global insurance company AXA announced in May that it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance ...