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Daily NewsFlash : February 01, 2013

Daily NewsFlash
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Friday, February 01, 2013

Chinese Hackers Hit WSJ, NY Times, Other U.S. Media

HackersChinese hackers have been conducting wide-ranging electronic surveillance of media companies including The Wall Street Journal in an apparent effort to spy on reporters covering China and other issues, people familiar...

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Chubb Fourth-Quarter Earnings Down 77% Due to Hurricane Sandy Losses

Chubb lossesChubb Corp.'s fourth-quarter earnings declined 77% as hefty costs related to Hurricane Sandy weighed on the property-and-casualty insurer's results.

Still, the company reported an operating profit, while analysts had projected an operating loss for the quarter, and Chubb also provided upbeat earnings guidan...

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Aon's 4th-Quarter Net Up 10% on Strong HR Revenue

AonAon PLC's  fourth-quarter earnings rose 10% as the insurance brokerage recorded stronger revenue, driven by growth in its human-resources unit, although operating expenses climbed.

Aon, which has been beefing up its...

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Reinsurance Industry Takes Aim at NAIC's Proposed Process for Posting Lower Capital

NAICInternational reinsurance industry groups have aimed sharply worded attacks at a National Association of Insurance Commissioners task force's proposed process for determining whether foreign regulatory systems are stringent en...

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Escalating Violence and Regime Instability Key Global Political Risks in 2013: Marsh and Maplecroft

MarshThe number of countries experiencing escalating political violence rose by 36% from a year ago, a trend that is likely to continue given the heightened risk of regime instability in a growing number of countries, according to M...

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Hub Moves Corporate Headquarters to New Location

Hub InternationalHub International Limited (Hub), a leading global insurance brokerage firm, announced today that the company will be officially moving its corporate headquarters in Chicago to a new location within the city. This office, which will house the organization's executive management team and other corpo...

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Towers Watson: Cutting Transaction Costs Can Bring New Cedents, Perils to Insurance-Linked Securities Market

Towers WatsonCincinnati Insurance Cos. has sponsored its first catastrophe bond, Skyline Re 2013-1, which provides $61.2 million in indemnity reinsurance protection against New Madrid earthquakes and severe thunderstorms.

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