Lloyd’s Sees Insurance Helping Burgeoning Sharing Economy Grow April 30, 2018 By Andrew G. Simpson A new report commissioned by Lloyd’s of London finds a role for insurance in helping the sharing economy grow by...
Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’ April 27, 2018 By Mark Hollmer Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one...
China Restricts Non-Financial Firms’ Investments in Financial Firms April 27, 2018 China’s central bank and financial regulators have issued guidelines to strengthen supervision on non-financial companies investing in financial institutions. China...
Fitch Affirms Negative Outlook for London Market April 27, 2018 Fitch Ratings said in a recent report that the sector outlook for London market insurance remains negative in 2018, reflecting...
Experts Warn on Malicious Use of Artificial Intelligence April 27, 2018 The world must prepare for potential malicious use of artificial intelligence (AI) by rogue states, criminals and terrorists, according to...
Swiss Re to Create Standalone E&S Unit for U.S. April 27, 2018 Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America....
AXA Prices IPO of U.S. Division to Help with XL Takeover April 26, 2018 By Matthieu Protard French insurer AXA on Thursday priced the forthcoming initial public offering (IPO) of its U.S. division at $24-27 per share,...
Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC April 26, 2018 Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance...
Zurich Insurance Reported to be Preparing to Cut Stake in Malaysian Unit April 26, 2018 Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with...
Arch Re Turns Over Discontinued Operations Runoff to Catalina General April 26, 2018 Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance...