International News

Beazley Taps AIG’s Tigleanu as Data Breach & Information Security U/W

Beazley, a specialist in data breach response insurance, has appointed Monica Tigleanu as an underwriter focused on data breach and information security coverage for US companies out of its London headquarters. Beazley has helped clients handle over 5,000 breaches since …

1/1 Renewals Saw Some Price Stabilization, Record Capital, Demand Uptick: JLT Re

The challenging operating environment confronting reinsurers has led to some price stabilization at the Jan. 1, 2017 renewals, as they face the reality of deteriorating results and margin compression, according to JLT Re in a newly published report. Twelve months …

Parliament’s Approval Required to Trigger Brexit Talks: UK Supreme Court

The UK Supreme Court ruled on Tuesday that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body dismissed the government’s argument that May could simply use …

StarStone Partners with Dubai-Based MGA; Swiss Re’s Hussey Appointed

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory approval. Led by managing partner Giles Hussey, Malakite will target …

TMK Launches Unmanned Aerial Systems Cover via Its Online Platform

Tokio Marine Kiln (TMK) has added unmanned aerial systems (UAS) insurance to its One TMK digital exchange, which will allow brokers to quote and bind UAS policies online in real time from wherever they are in the world. The product, which …

Neon’s M&A Consortium Raises Capacity to £75 Million

Neon has expanded its M&A consortium, with capacity increasing from £50 million ($62.2 million) to £75 million ($93.3 million), effective on Jan. 1, 2017. The consortium is led by Neon and is 100 percent backed by Lloyd’s markets, the London-based …

Group Offers Insurance for Freelance Journalists Assigned Anywhere, Including in War Zones

The International Federation of Journalists (IFJ)) has joined forces with insurance company Isle of Man Assurance Limited to offer insurance overage for all media workers without restriction in any region of the world – including war zones. According to IJF, …

Samsung Details Causes for Galaxy 7 Fires; Clyde & Co. Comments

It was the battery, after all. In a presentation and news conference on Monday that lasted more than two hours, Samsung Electronics Co. detailed the results of its investigation into Note 7 smartphones that overheated and burst into flames last year. …

Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…

The last time Italian insurer Assicurazioni Generali SpA was rumoured to be in play, the supposed bidder, France’s AXA SA, said such a costly and complex deal would “make no sense at all.” This time, the interest comes from an …

Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm

Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, has acquired Arium, an independent company specializing in liability risk modeling and decision support. London-based Arium will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable …

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