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Insurer Lloyd’s of London slides into heavy loss
LONDON: The insurance market Lloyd’s of London on Wednesday announced a first annual loss in six years following a series…
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Insurance companies are ready to dip their toes into the unregulated sea of cryptocurrencies, offering protection from theft and large-scale heists.
A MARKET RIPE FOR ENTRY As of this moment, you can count the number of cryptocurrency insurers – such as…
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Climate Change Worsens Effects of Natural Disasters, Costing Farmers Billions of Dollars
Natural disasters from droughts to floods are costing farmers in poorer countries billions of dollars a year in lost crops…
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Uber suspends self-driving car tests after pedestrian death
FLAGSTAFF, Ariz. — A self-driving Uber SUV struck and killed a pedestrian in suburban Phoenix in the first death involving…
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AXA agrees to buy XL
AXA says $15bn deal will propel it to number one in P&C commercial AXA said it has agreed to buy…
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Cyber Risk Management Fails to Measure Up to Escalating Cyber Risks: Marsh, Microsoft
Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security…
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AXIS’ A.M. Best Ratings Revised to Negative; Insurance Arm Blamed
AXIS Capital Holdings’ money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based…
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Aviva under fire for pouring £370m into Polish coal industry
UK insurer accused of undermining international efforts to fight climate change UK insurer Aviva is the second-biggest investor in the Polish coal…
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XL Group Attracts Interest from Allianz, Other Rivals as Potential Buyers
Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge…
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China’s ‘Biggest Fiscal Risk Is Pension Risk’ from Aging Population
China’s pension shortfall is emerging as the next big challenge for policy makers as they intensify their years-long campaign to…
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