U.S.
Munich Re Expects a 2017 Profit Despite Q3 Hurricane Hits
Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion ($1.64 billion). The group said it expects ...
2018 Reinsurance Pricing: Rate Hikes Likely After 2017 Storms and Catastrophes
When the dust settles—and water recedes—following 2017's hurricanes, wildfires, and other catastrophes, domestic primary insurers will learn if, and how much, their own underwriting discipline ...
End of Class-Action Lawsuit Rule Won’t Stop U.S. Financial Firms From Facing Them
Not every financial firm will be able to reap the benefit of Wall Street's victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed ...
QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius
QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product ...
XL Group Lost Over $1B in Q3: Hurricanes Harvey, Irma, Maria to Blame
XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 ...
Fosun’s Meadowbrook Insurance Rebrands as AmeriTrust Group, With Acquisitions in Mind
Meadowbrook Insurance Group has changed its name to AmeriTrust Group, Inc., close to three years after Chinese conglomerate Fosun International bought the company. The company's management team, in ...
UK, EU More on Same Page Now About Brexit Transition Push
The U.K. has shifted its approach to the transition agreement it wants to put in place for after Brexit, falling into line with the European Union's long-held stance. Businesses have been demanding ...
Energy, Industrial Firms Are Being Targeted for Cyber Attacks, U.S. Warns
The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power ...