U.S.
Munich Re Buys a Madison Avenue NYC High-Rise
Munich Re Group plans to acquire a 39-story Madison Avenue high-rise in New York City. Buyer and seller declined to disclose the purchase price. CBRE advised the unnamed seller, and MEAG, which had ...
Executives On The Move at Atlas Financial Holdings and Starr Insurance Companies
Atlas Financial Holdings promoted one of its founding members to a newly-created position at the company. Starr Insurance Companies appointed a veteran executive as Aviation Underwriting ...
AXA XL Makes More Changes in Reinsurance Leadership Team
AXA XL announced additional changes within its Reinsurance leadership team, as part of a simplified organizational structure for the unit announced in September. Effective January 1, 2020, in ...
Court Orders Cox Communications to Pay $1B in Piracy Infringement Case
A U.S. District Court jury on Thursday found telecom company Cox Communications Inc liable to pay $1 billion to music labels and publishers over piracy infringement on more than 10,000 works. Over 50 ...
2019 Insured Losses Reach an Estimated $56B: Swiss Re
Global insured losses in 2019 dropped to an estimated $56 billion, from $93 billion in 2018 and below the annual average $75 billion of the previous 10 years, according to preliminary sigma estimates ...
The Latest Launches From The Hartford and Zurich
The Hartford said it has expanded its offerings designed to protect customers from cyber attack risks. Zurich and InsurTech managing general underwriter Vindati have launched a new stand-alone Motor ...
It Burns: EU Court Rules Airlines Can Be Held Liable for Spilled Coffee
It might be harder to get hot coffee at 30,000 feet after the European Union's top court said that airlines can be held responsible for injuries caused by spilled drinks, even if it isn't clear how ...
GM Sues Hyundai for Allegedly Poaching Exec to Access Self-Driving Car Secrets
General Motors Co. accused Hyundai Motor Co.'s U.S. unit of poaching one of its top safety executives so it could gain access to trade secrets for self-driving vehicles and electric cars. Brian ...