International News

Willis Towers Watson Names 6 to Global FINEX Senior Leadership Team

Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group. Jeremy Wall has been appointed chairman of Global FINEX and head of FINEX for all …

Swiss Re Economists Win Award for Research on Nat Cat Protection Gap

The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of Swiss Re received the award for their paper on “The …

Large Claims Becoming More Expensive, Complex & Global: Allianz

Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …

French Prosecutors Probe Peugeot Parent over Alleged Emissions Fraud

French prosecutors started a preliminary investigation of alleged fraud at PSA Group, the latest car manufacturer to be targeted over potential violations of emissions rules in the aftermath of Volkswagen AG’s diesel-cheating scandal. The stock fell the most in two months. …

Liberty Taps XL Catlin’s McKay for New Distribution & Client Mgmt Role

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to LSM’s head of Europe, Kadidja Sinz. …

XL Catlin Participates in Consortium Bringing Driverless Cars to UK

Oxbotica, the Oxford-based artificial intelligence company that is developing driverless cars for the UK, announced it is leading a consortium of companies that plans to trial a fleet of fully autonomous vehicles in urban areas and on motorways, culminating in …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences …

China & India Lead U.S. in Renewable Energy Targets: Allianz

Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, according to the Allianz Climate & Energy Monitor Deep Dive, which aims to inform investors and policymakers …

AXIS Re & China’s Renmin University Offer Actuarial Scholarship

Bermuda-based AXIS Capital Holdings Ltd. announced the launch of the “AXIS Re Actuarial Scholarship” in partnership with Renmin University in China. The scholarship fund will provide financial assistance to actuarial students in Renmin’s School of Statistics to help develop their …

UK’s Aviva Buys Remaining 50% Share in Vietnam Joint Venture

Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. Aviva also has signed a new distribution agreement with VietinBank to sell life and health insurance products through VietinBank’s network …

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