U.K. Names Bailey as Bank of England Chief, Succeeding Carney December 20, 2019 By David Goodman and Jessica Shankleman Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney...
MS Amlin to Exit U.K. P/C Classes as Part of Underwriting Review December 19, 2019 By L.S. Howard MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its...
Airlines Liable for Hot Drink Burns During Flights, EU Court Rules December 19, 2019 By Stephanie Bodoni Airlines are liable for a hot drink accidentally spilled and hurting a passenger, the European Union’s top court said in...
S&P Assigns A- Rating to Fidelis Insurance Units; Holding Company at BBB December 19, 2019 Noting the proven track record of its management team and strong top-line growth in a five-year time frame, S&P Global...
Heatwave Gripping Australia Exacerbates Devastating Bushfires December 19, 2019 By Jason Scott Australia’s most-populous state has declared an emergency as a heatwave that’s produced the hottest day on record exacerbates devastating bushfires....
Chinese Hacking Group Resumes Global Attacks on Companies, Agencies December 19, 2019 By Ryan Gallagher A Chinese government-linked hacking group that was thought to be dormant has been quietly targeting companies and government agencies for...
Alibaba Unveils Management Changes Including CEO for Ant Financial December 19, 2019 By Zheping Huang and Jun Luo Alibaba Group Holdings Ltd. and finance affiliate Ant Financial unveiled a series of management changes, including a new chief executive...
Starr Taps Swiss Re’s Nawrath as Underwriting Chief for New Aviation Unit in Germany December 18, 2019 Starr Insurance Cos. announced the appointment of Carsten Nawrath as Aviation underwriting manager, leading the build-out of a new Aviation...
British Accountants Under Pressure to Do More to Detect Fraud at Companies December 18, 2019 By Sinead Cruise and Huw Jones British accountants could be required to look for fraud at companies they audit under proposals made in a government-backed review...
Irish Plane Lessor Seeks $185M from Boeing for 737 MAX-Related Losses December 18, 2019 An Ireland-based plane lessor sued Boeing Co. on Tuesday for breaching a contract for 22 of the U.S. planemaker’s 737...