News

Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As

Lloyd’s of London insurers Amlin plc and Hiscox Ltd. both said they have enough scale to stay independent and see no need to find a buyer amid a flurry of deals in the industry. Both insurers reported lower full-year pretax …

Uber: Hackers May Have Stolen Data on 50,000 Drivers

Uber Technologies Inc. said its database was access by an unauthorized third party last year, resulting in the possible theft of information on 50,000 drivers. The drivers, who are part of Uber’s mobile car-booking network, were notified and Uber took …

Senate Committee Backs Monetary Incentives for Auto Defect Whistleblowers

A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation …

3 GOP Senators’ OpEd: Keep Obamacare Subsidies Temporarily

Senior Republican senators said Sunday that Congress would extend Obamacare health insurance subsidies for a “transitional period” should the Supreme Court rule that they aren’t allowed in at least 34 states. Meanwhile, Republicans would design an alternative policy for those …

Ireland’s FBD Holdings Reports Worse-Than-Forecast Operating Loss, Weak Outlook

FBD Holdings plc plunged in Dublin trading after the Irish insurer’s full-year results missed its own downgraded forecast and its operating profit outlook for 2015 fell short of analysts’ expectations. FBD declined 14 percent to 10.50 euros at 9:35 a.m., …

UK Regulators Toughen Vetting Process for Senior Financial Services Roles

More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. People put forward for chief executive, chairman and for a handful …

Allied World Offers Product to Airbus’ Customers With Runway Safety System

Allied World Europe and Airbus have entered into a relationship whereby Allied World will offer complimentary aircraft hull insurance to airlines that purchase Airbus’ Runways Overrun Prevention System (ROPS). ROPS is an innovative, performance-based alerting system that assists in preventing …

ACE Forms Travel Insurance Partnership with Transavia Airlines

ACE Group has signed a partnership agreement with Transavia to provide the airline’s customers with travel and flight cancellation insurance cover. Transavia, based in The Netherlands, is a member of the Air France KLM Group, and provides scheduled and charter …

JLT Rebrands Bermuda Unit; Senior Management Changes Announced

Jardine Lloyd Thompson Group plc announced that JLT PARK will be rebranded as JLT Specialty Bermuda. This change became effective on March 1, 2015, subject to regulatory approval. JLT also is announcing a number of senior management changes for its …

Florida Court: Proof Needed That Drivers Knew of Hit-and-Run to be Charged

Drivers in Florida can’t be prosecuted for leaving the scene of an accident unless there is proof they knew they were in a crash. The Florida Supreme Court unanimously agreed last week with a lower court’s decision to throw out …

News Archives by Month