Tesla recently made headlines with the beta launch of its Full Self-Driving system. That system comes with a disclaimer saying, “It may do the wrong thing at the worst time, so you must always keep your hands on the wheel …
RSA said it is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values the British firm at 7.1 billion pounds ($9.3 billion). RSA said its board would be …
Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. The U.S. presidential …
England’s second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its CEO said on Thursday as it reported a rise in underwriting profit in the first nine months. England started …
The Philippines is bracing for a severe tropical storm that’s expected to hit its northern tip days after Super Typhoon Goni left. Storm Atsani will likely strengthen into a typhoon with peak intensity of 120 kilometers per hour as it …
Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms instead to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday. Lloyd’s said …
The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain: The U.S. …
Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for $35.00 per share, in an all-cash offer valued at approximately $700 million. The deal …
Property & casualty (P&C) insurers have nowhere near the capacity needed to absorb systemic business interruption losses from lockdown measures during a pandemic, according to a report from the Geneva Association (GA). However, P&C insurers have nowhere near the capacity …
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this strategy also has helped reinsurers tolerate the economic …