International News

Xuber Reinsurance Survey Focuses on Regulation and M&A

Xuber, Xchanging’s insurance software business has released its second wave of results from its global reinsurance survey, which focuses on regulation and mergers and acquisitions (M&A) activity. The survey found that, with reference to the re/insurance industry globally, it is …

Some European Insurers, Pension Funds Build Loan Books to Rival Banks

Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel Belgravia, several miles from the “Square …

Julian to Head Tokio Millennium Re AG, UK Branch

Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Mark Julian will assume the role of Head of Tokio Millennium Re AG, UK Branch (TMRUK), subject to …

Wildfires in Northern Alberta Continue to Disrupt Oil Sands Production

  Wildfires in northern Alberta kept about 10 percent of Canada’s oil sands production offline for a third day [on Tuesday] as Bank of America Corp. warned the blazes may slow the economy. A fire at Cold Lake Weapons Range that started …

Aon’s Political Risk Map Highlights Western Countries Increased Terror Threats

“Risk levels are rising in Western economies due to the increased terror threat presented by Islamic extremists” according to the Aon Terrorism and Political Violence Map, released by Aon Risk Solutions, the global risk management business of Aon plc, in partnership …

Jardine Lloyd Thompson Appoints Rozes as Group Finance Director

Jardine Lloyd Thompson Group plc, a global provider of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, announced it is appointing Charlie Rozes as group finance director, to succeed Mike Reynolds. JLT announced in August 2014 that Reynolds …

Faure to Retire as Endurance’s CEO, Global Re; Young Named as Successor

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Jerome Faure will step down from the position of chief executive officer, Global Reinsurance, on January 1, 2016 and will retire from Endurance …

ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors

ING Groep NV is selling a 1.2 billion-euro ($1.3 billion) stake in insurer NN Group NV as it seeks to exit the company by the end of next year. ING is selling 45 million shares of NN to institutional investors, decreasing its …

Placing Platform Ltd. Selects Ebix for London Market Implementation

The Board of Placing Platform Limited (PPL) announced that, after a tender exercise, it has selected Ebix as its preferred software supplier. The Board acted on behalf of the International Underwriting Association (IUA), the London & International Insurance Brokers’ Association …

A.M. Best: Nigeria Insurance Sector Offers Significant Potential for Investors

Although fluctuating oil prices threaten Nigeria’s economic expansion, the country’s insurance sector offers significant potential for foreign investors attempting to build a profile in the market, according to A.M. Best in a special report. In the new report entitled “Nigeria’s Insurance …

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