Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have …
Insurance broker Paul Marshall can count on his phone ringing in the aftermath of a school shooting. Since the Feb. 14 shooting at a Florida high school, where 17 people were killed and more than a dozen injured, seven South …
Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc., will not seek re-election to the post at the insurer’s annual meeting in May, the company said in a filing on Wednesday. Merksamer, who has …
Insurer American International Group Inc on Friday said that it has struck a deal with online travel services provider Brand Expedia Group to sell travel insurance to the company’s global customers. The move is part of a strategy by AIG …
Insurer Chubb Ltd. is refusing to pay for Harvey Weinstein’s legal defense against 11 lawsuits that accuse the movie producer of sexually harassing or assaulting women over the past three decades, according to a court document (Chubb Insurance v Harvey …
If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit. The Games are being staged about two hours’ drive from one …
Apple Inc. and Cisco Systems Inc. have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The arrangement, which also includes insurance broker …
Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. So far only a few insurers sell such …
MetLife Inc. said on Monday the U.S. Securities and Exchange Commission is looking into the insurer’s failure to pay some workers’ pensions. MetLife, in a statement, said the SEC’s enforcement staff has inquired about payments that the insurer failed to …
A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on Tuesday. …
