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AIG’s General Insurance Q2 Underwriting Income Up 10%
Second quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 10% compared with the prior year, to $686 million. Insurance financial results for Q2 included catastrophe losses of $210 million, and increase over the $170 …
POSTED AUGUST 07, 2026 12:14 PM |
Munich Re Posts Better-Than-Expected Profit Amid Low Loss Claims
German reinsurer Munich Re on Friday posted a 6% rise in net profit in the second quarter, defying expectations for a drop and lifted by low major loss claims. Net profit in the quarter of €2.211 billion ($2.55 billion) compares …
POSTED AUGUST 07, 2026 9:11 AM |
AXA XL to Acquire Corporate Intelligence and Cybersecurity Consultancy, S-RM
AXA XL announced it has entered into an agreement to acquire S-RM, the London-based specialist corporate intelligence and cybersecurity consultancy — raising its shareholding from approximately 49% to 100% ownership. Financial details of the deal, which is expected to close …
POSTED AUGUST 07, 2026 8:34 AM |
Proposed Hormuz Passage Deal Not Feasible for Shipping Industry, Sources Say
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources …
POSTED AUGUST 07, 2026 6:27 AM |
NOAA Maintains Forecast for Below-Normal Atlantic Hurricane Season
Nearly halfway through the 2026 Atlantic hurricane season, NOAA’s prediction of below-normal activity in the Atlantic basin remains unchanged. Today, forecasters from NOAA’s National Weather Service updated the number of expected named storms to 7-13 (with winds of 39 mph …
POSTED AUGUST 07, 2026 6:02 AM |
People Moves: Aon Names Fletcher Head of M&A, Transaction Advisory, North America
Aon named Tim Fletcher head of M&A, transaction advisory and financial services, North America. Fletcher has over 20 years of industry experience and has served as national practice leader for Aon’s Financial Services Group (FSG) for five years. He will …
POSTED AUGUST 07, 2026 5:50 AM |
Pressured by Tesla, European Regulators Keep ‘Full Self-Driving’ Safety Data Secret
Four months ago, the Netherlands approved Tesla’s Full Self-Driving (FSD) system and has since then advocated for its adoption across the EU. But Dutch road regulator RDW won’t tell the public why it concluded the driver-assistance system is safe or …
POSTED AUGUST 07, 2026 5:05 AM |
AI Risks Require Tougher Cyber Defenses, Top US Officials Warn
The US government’s top information security official warned that computer systems nationwide need to bolster their defenses to meet the growing threat of cyberattacks powered by artificial intelligence. During remarks Wednesday, Acting Federal Chief Information Security Officer Michael Duffy said …
POSTED AUGUST 07, 2026 5:02 AM |
Medical Marijuana Card Does Not Bar Firefighter’s Suspension, Florida Court Says
A first responder plans to take his case to the Florida Supreme Court after an appeals court found that his medical marijuana use was not cool under federal law and a collective bargaining agreement. “In the end, this appeal is …
POSTED AUGUST 07, 2026 5:01 AM |
People Moves: Ames & Gough Names Partners Lynch and Maxwell as Senior VPs
Ames & Gough Names Partners Lynch and Maxwell SVPs Ames & Gough, headquartered in Washington, D.C., appointed equity partners Brian Lynch and Jared Maxwell as senior vice presidents. Appointed an equity partner of Ames & Gough in 2023, Lynch leads …
POSTED AUGUST 07, 2026 5:00 AM |
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