AXA to Complete Acquisition of XL Group Sept. 12 September 11, 2018 AXA announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd....
Could Hurricane Florence Cost Insurers $20 Billion? September 11, 2018 By Ivan Levingston Here’s some grim back-of-the-envelope math for insurers: Hurricane Florence may wreak $15 billion to $20 billion in covered losses from...
Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint September 11, 2018 By Brian Chappatta Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has...
Hurricane Florence a Reminder of Flood Insurance Reforms Stalled in Congress September 11, 2018 By Ari Natter U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again...
CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness September 11, 2018 By Suzanne Barlyn Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers...
Facebook Says Community Help Feature Ready to Assist Florence Recovery Efforts September 10, 2018 By Nathan Crooks After a relatively slow start to the 2018 season, three hurricanes are now churning in the Atlantic on potential tracks...
Update: ‘Extremely Dangerous’ Hurricane Florence Prompts Evacuations in Carolinas September 10, 2018 By Brian K. Sullivan Tuesday, Sep 11, 2018, 5:47 am— Florence continued to roll toward the U.S. East Coast, poised to become the strongest...
ILS Market Could Bear 20% of Hurricanes Harvey, Irma, Marie Loss: A.M. Best September 10, 2018 The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma...
Rideshare Firms Eye New Safety Measures for Riders, Drivers September 10, 2018 By Eric Newcomer and Julie Verhage If you sit in an Uber car for too long, the ride-hailing company plans to check up on you to...
CBS CEO Moonves Resigns Amid Sexual Harassment Allegations September 10, 2018 By Kenneth Li CBS Corp. CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault...