US & Canada

Fountaingrove after October 2017 California wildfires

California fires force sale of Aspen Insurance to private equity firm

Climate Change is dramatically transforming the insurance industry. The troubled Aspen Insurance Holdings reportedly agreed to sell itself to private-equity giant Apollo Global Management...
People using smartphone while driving car

Smartphones greatly increase auto accidents risk

Smartphones have become one of the greatest risks for auto insurers. Analysts blame mobile devices for a sharp increase in motor vehicle accidents in...
Federal Reserve Bank

Federal Reserve proposes changes to its money transfer system Fedwire

United States’ central bank, the Federal Reserve System, has proposed a major change to its venerable credit-transfer service Fedwire. The Fed wants to adopt the...
Visa, Mastercard & American Express by Petr Kratochvil via Wikimedia Commons

US Supreme Court Amex ruling changes credit card business

The United States Supreme Court greatly increased the amount of control that credit card companies, banks, and online platforms have over the retail process...
Citizens-election-day-at-the-booths

The risks from election hacking

Allegations of election hacking in the United States have exposed the vulnerability of modern political systems to outside interference. The reaction to the hacking...
US Navy caught prisoners by Iran's National Guard

Ransom Insurance: The US $400 Million Payment to Iran

A political scandal in the United States is shining a spotlight on an obscure and morally-questionable sector of the insurance market: kidnap and ransom...
The Hanover Insurance Group

Hanover Insurance Group’s net income down to $2M in Q2

Massachusetts-based Hanover Insurance Group has seen a sharp decline in net income in the second quarter of 2016 owing to catastrophe and large losses,...
AIG-Insurance-Group

AIG sells Mortgage Guaranty Unit to Arch Capital for $3.4 Billion deal

American International Group has announced on August 15 that it would sell its mortgage-guaranty unit to Arch Capital Group Ltd, a Bermuda-based writer of...
health insurer Anthem office building

US Justice Department moves to block health insurer deals

By Caroline Humer and Carl O'Donnell NEW YORK (Reuters) - U.S. antitrust officials on Thursday moved to block an unprecedented consolidation of the national health...
data-privacy-laptop

EU-US Privacy Shield promises stronger data protection

The European Commission (EC) has formalised the adoption of the EU-US Privacy Shield, a new framework for transatlantic data transfers, placing greater obligations on...
GE Capital

GE Capital now off the ‘Too-Big-To-Fail’ list

GE Capital, the financial services arm of American multinational conglomerate General Electric, recently welcomed good news following its removal from the Financial Stability Oversight...
video

Stolen 1981 Ferrari recovered after 29 years

A red 1981 Ferrari GTSI that has been missing for 29 years has been recovered, according to the National Insurance Crime Bureau (NICB). The car,...
American-Town

Generali launches new property product for US multinationals

Generali, the Italian insurance giant, has partnered with BELFOR Property Restoration to bring a dynamic risk management solution to US-based multinational corporations. The product,...
cargo ship container photo

XL Catlin introduces enhanced marine cargo insurance

XL Catlin, through its Americas Marine business, has introduced an enhanced insurance policy to offer more comprehensive cargo insurance coverage on a domestic, foreign...

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