U.S.
Chubb CEO Greenberg Downplays Strength of New High-Net-Worth Personal Lines Rivals
Chubb's high-net-worth personal lines insurance business may have some new competition, but Chairman and CEO Evan Greenberg and a key executive say those rivals haven't made much of a dent. "From my ...
Allstate Reports $312 Million Loss in Q4
The Allstate Corp. lost $312 million in its 2018 fourth quarter, hammered by higher catastrophe losses, a drop in investment income and a larger pension settlement charge. Still, the losses could ...
Waymo Reportedly Talking With Renault/Nissan/Mitsubishi About Autonomous Taxi Project
Waymo is in advanced talks to develop autonomous cars with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., according to people familiar with the matter, in a move that would join a leading ...
Judge Pauses Lawsuits Against Canadian Cryptocurrency Company Whose Founder Died
A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax ...
Natural Catastrophes Knock Down Munich Re’s Q4 Net Profit by 56 Percent
German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to ...
The Latest Launches From Beazley and Sompo International
Beazley has combined its cyber and executive risk capabilities into a new division. Sompo Global Risk Solutions (GRS) will offer specialized property and liability protection to U.S. banks and ...
Chubb’s Q4 Net Income Nosedives; Investment Returns Surge, Premium Revenue Grows
Chubb's 2018 fourth quarter was a mixed bag, with a surge in catastrophe losses, but a growth in premium revenue, better global P/C pricing and record net investment income. The insurer booked $355 ...
Death of Crypto Exchange Founder Means Startup Can’t Retrieve Digital Assets
Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution -- just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can't ...