Uber’s new boss Dara Khosrowshahi apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets. …
Hackers breached the U.S. Securities and Exchange Commission’s computer system last year by taking advantage of companies that used authentic financial data when they were testing the agency’s corporate filing system, according to sources familiar with the matter. The Federal …
Pioneer Underwriters and Asta, the third party managing agent at Lloyd’s, announced they have received “in principle” approval from Lloyd’s to establish a syndicate. Pioneer commenced underwriting in 2011 and has built a hybrid underwriting operation in the Lloyd’s market, …
Industry insured losses for Hurricane Maria in the Caribbean will be between US$40 billion and US$85 billion, according to catastrophe modeling firm AIR Worldwide. Puerto Rico alone accounts for more than 85 percent of the loss, said Boston-based AIR, which …
Lloyd’s, the specialist insurance and reinsurance market, announced Dr. Kirsten Mitchell-Wallace has been appointed as the head of Risk Aggregation. The role reports to Jon Hancock, the director of Performance Management, and is responsible for leading the strategy and day …
AXIS Capital Holdings Ltd. said it will complete its acquisition of London-based Novae Group plc in two phases, beginning with the acquisition of Novae shares, which is expected on Oct. 2, 2017. This will be followed by management control and …
Specialty Excess and Surplus Lines Carrier’s Financial Stability Affirmed Chicago, Illinois, Salt Lake City, Utah and Naples, Florida, September 26, 2017- Prime Insurance Company announced today that A.M. Best Co. has upgraded their financial strength rating from A- to A …
The technology that gives cars superpowers to see around corners and through walls won’t be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication systems, known as V2V, are regarded as essential for fully …
Five Florida attorneys and five of their accomplices are accused in a patient-brokering scheme that brought in more than a half-million dollars in profits. Broward Sheriff’s officials said in a news release that the arrests were made Sept. 6 following …
Smart Choice, headquartered in High Point, North Carolina, has named Carol Drake as the company’s new vice president of Corporate Strategy. Drake formerly had an extensive career with Grange Insurance where she held the roles vice president of National Accounts, …
