You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because here goes: The National Highway Traffic Safety Administration is preparing to get deeper …
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit fell 17 percent as investment income declined on low bond yields and valuations for energy-related holdings. Net income dropped to $866 million, or $2.83 a …
American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s like to be circled by hawks. Under pressure in 2009 to repay the insurer’s bailout, company executives were in a …
XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in emerging and developing markets where economic …
It was hard to tell whether hope or fear was the predominant sentiment about the future of artificial intelligence, according to a panel discussing the state of the field at the World Economic Forum in Davos, Switzerland, Wednesday. A.I. systems …
A.M. Best announced the appointment of Jose Ribeiro as managing director – Asia-Pacific, and James Sutherland as commercial director – Asia-Pacific. As managing director, Asia-Pacific, Ribeiro will be responsible for raising the profile of A.M. Best’s brand in the region …
The National Iranian Tanker Co. is close to obtaining new insurance needed to boost crude exports and resume trade with old customers after four years of sanctions. NITC has been negotiating with foreign organizations for the past six months to …
Bermuda-based Tokio Solution Management Ltd., a wholly owned subsidiary of Tokio Millennium Re AG, has appointed Butch Agnew as vice president, ILS Portfolio Management. Agnew has over 15 years of experience in capital markets, captive management, broking, business development and …
OneBeacon Healthcare Group, a member of OneBeacon Insurance Group, has launched a new federally qualified community health clinics and providers policy, which provides additional protection for potential gaps in the coverage afforded to community health centers and providers under the …
Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest level recorded since Citizens was …
