International News

Chubb Names P/C Insurance Risk Engineering Leaders for Europe

Chubb announced the leadership of its property & casualty (P/C) risk engineering team in Europe, all effective immediately. Paul Brooke, formerly head of property risk engineering, UK and Ireland for legacy ACE, will serve as head of P/C risk engineering …

XL Group’s Shareholders Approve Move to Bermuda from Ireland

XL Group plc announced that its ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland, which is expected to be completed in the third …

Re/Insurance Business Leaders Begin to Comment on Post-Brexit World

The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to …

Update: Britain Votes to Leave EU; Prime Minister Cameron Resigns

Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Global financial markets plunged as results from Thursday’s …

World Awaits Outcome of UK’s EU Referendum

Britons were voting on Thursday on whether to stay in the European Union in a referendum that could change the face of Europe and is being nervously watched by financial markets and politicians across the world. A British exit, or Brexit, would …

Neon Names Dolonen as Marine & Offshore Construction U/W

Specialist Lloyd’s insurer Neon, formerly known as Marketform, has appointed Mireille Dolonen as Marine & Offshore Construction underwriter. With over 20 years of experience in the Marine & Offshore Construction space, Dolonen “will bring a wealth of expertise to Neon and …

‘Systemically Important’ Label Can Be Avoided: Fitch

Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The International Association of Insurance Supervisors, a global standard setting …

Channel Syndicate Launches Innovation Division, Names Allen as Tech Head

Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional portfolio. The Innovation Division will support Channel’s commitment to new technologies and its ambition …

Factbox: Weighing Value of Financial Services in UK Economy on Day of Brexit Vote

Britain, Europe’s biggest financial hub, votes today on whether to stay in or leave the European Union. The country’s financial and professional services industries are considered as the most vulnerable to an exit from the 28-nation bloc although much depends …

Zurich Offers Post Cyber Attack Response Service in APAC

Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can …

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