Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July June 14, 2019 By Ross Larsen and Will Hadfield Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the...
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks June 14, 2019 By Julian Lee, Alex Longley and Will Hadfield Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster June 13, 2019 By L.S. Howard Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s...
Britain Commits to Net Zero Greenhouse Gas Emissions by 2050 June 13, 2019 By Susanna Twidale and Matthew Green Britain has announced it will enshrine a new commitment to reach net zero greenhouse gas emissions by 2050 into law,...
Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War June 13, 2019 By Verity Ratcliffe, Anthony DiPaola and Bruce Stanley Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears...
EU Says It’s Ready for ‘Undesirable’ No-Deal Brexit, but Some Insurers Are Unprepared June 13, 2019 By Ian Wishart The European Union said it’s ready for the U.K. to leave the bloc without a deal and isn’t planning any...
Reinsurance Broker Guy Carpenter Suspends Two Over Harassing Email June 13, 2019 By Gavin Finch A Lloyd’s of London insurance broker, Guy Carpenter & Co., suspended an executive for sending a sexually suggestive email about...
BHSI Opens Office in S. Australia, Taps Holland from Chubb as Underwriting Manager June 12, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its presence in Australia to South Australia, opening an office in...
AXIS Re Names Sweeting from Vibe Syndicate as Head of Lloyd’s Casualty Reinsurance June 12, 2019 AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Joe Sweeting as head of...
British Hacker Gets 4 Years in Jail for TalkTalk Data Breach June 12, 2019 By Jonathan Browning A British man who hacked TalkTalk Telecom Group Plc, blackmailed executives and offered to supply customer data has been jailed...