U.S.
New Texas Flood Threat Looms; Tropical Storm Carlos Growls in Pacific
As Tropical Storm Carlos churns in the Pacific, threatening Mexico's coast, the Atlantic's second storm of the year may be developing over the Yucatan Peninsula, with the potential to reach Texas and ...
Scope of Federal Hack Attack Widens as White House Weighs Responses
More federal personnel records have been hacked than previously reported and U.S. officials are weighing responses ranging from new counterintelligence initiatives to destroying the data in the ...
Standard & Poor’s: U.S. Insurers Responding Cautiously to Soaring Cyber Coverage Demand
Standard & Poor's predicts a major jump in demand for cyber insurance in the coming years, with interest initially outstripping supply. U.S. insurers will respond gradually, however, entering the ...
Third Point Re CEO Berger Warns New Reinsurers Will Be ‘Increasingly Difficult’ to Form
Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, said the company is positioned to withstand competition from other investment firms because the industry isn't as easy to ...
AIG Narrows Focus With Deal to Sell Taiwan Consumer Insurer
American International Group Inc., the largest commercial insurer in the U.S. and Canada, agreed to sell a consumer operation in Taiwan as Chief Executive Officer Peter Hancock narrows the company's ...
Zurich to Establish U.S. Apprenticeship Program With an Eye on Younger Talent
Zurich Insurance Group plans to launch a U.S.-based apprenticeship program in a bid to identify new blood for the industry and develop their skills. Plans call for launching the program in 2016, with ...
Tokio Marine’s $7.5B Grab For HCC Keeps Its Global Growth Engine Running
Tokio Marine Holdings' planned $7.5 billion acquisition of HCC Insurance Holdings announced June 10 is all about keeping global growth and diversification growing, and making that happen by snatching ...
Brindle’s Fidelis Insurance Holdings Debuts With $1.5B in Equity Raised
Fledgling Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Ltd. raised a massive $1.5 billion in equity capital, a major accomplishment for the industry. What's more, Fidelis ...