UK PM’s Brexit Plan Suffers Humiliating Defeat as Election Fight Looms September 4, 2019 By Robert Hutton and Tim Ross U.K. Prime Minister Boris Johnson began moves to trigger a snap general election after suffering a humiliating defeat for his...
Analysts See 2020 Reinsurance Price Hikes Due to Catastrophes September 4, 2019 By Carolyn Cohn and Lena Masri Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance...
Aspen Insurance Holdings Appoints Ritz from Validus as President September 3, 2019 Aspen Insurance Holdings Ltd. has appointed Jonathan Ritz as president, with immediate effect. Ritz was formerly chief executive officer of...
UK Finance Minister Tells Executives Finance Sector Is His Priority as Brexit Nears September 3, 2019 British finance minister Sajid Javid told representatives of the country’s financial services industry on Monday that the sector was a...
Brexit Is Moving £61 Billion in London Insurance Business to Rival Financial Centers September 3, 2019 By Will Hadfield London’s outsized role in the global insurance industry is being whittled down by Brexit. As much as 61 billion pounds...
Guy Carpenter Fires Executive Who Sent Harassing Email About Colleague September 3, 2019 By Gavin Finch A top Lloyd’s of London insurance brokerage, Guy Carpenter & Co., fired a senior vice president for sending a sexually...
Powerful Hurricane Dorian Brings ‘Historic Tragedy’ to Bahamas September 2, 2019 By Michael McDonald The Bahamas suffered at least five deaths and “unprecedented and extensive” devastation as the most powerful storm in its history...
Category 5 Dorian Batters Bahamas; Florida, Southeast Coast Await Fate September 2, 2019 By Brian K. Sullivan and Jonathan Levin Sept. 2, 2019, 7:12 AM EST— Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the...
Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras August 30, 2019 Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal...
Sirius Names Business Leaders, Forms Global Management Committee, to Unify Group August 30, 2019 Sirius Group announced enhancements to unify its global operating structure, which includes the promotions of key leaders to head its...