Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors October 9, 2019 By Nishant Kumar Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a...
Hub International Acquires Canadian Broker PDF Financial Group October 9, 2019 Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired PDF Financial Group Inc. Terms of the transaction...
Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge October 9, 2019 By Franz Wild and Kit Chellel A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in...
Argo Group Under SEC Scrutiny Over Executives’ Compensation October 9, 2019 By Scott Deveau Argo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting...
Insurtech FRISS and Munich Re Extend Partnership to Support Insurers Fighting Fraud October 8, 2019 FRISS, the insurtech provider of AI-powered anti-fraud solutions for the P&C insurance industry, has extended its partnership with Munich Re...
Tokio Marine HCC Expands Surety Team in France with 2 Hires from Zurich Insurance October 8, 2019 Tokio Marine HCC announced the appointment of Jennifer Metcalfe as senior surety underwriter – France, effective Sept. 16. She reports...
World Broker Network Adds CEO of Hong Kong-Based Pacific Prime to Board October 8, 2019 Neil Raymond, founder and CEO of Pacific Prime Insurance Brokers, has recently joined the Worldwide Broker Network (WBN) as a...
Arch Capital Group Expects 3rd Quarter Catastrophe Losses of Up to $75M October 8, 2019 Arch Capital Group Ltd. announced it expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65 million to...
Korean Insurer Plans to Boost Overseas Investments to Escape Low-Yield Trap October 8, 2019 By Hooyeon Kim, Daedo Kim and Whanwoong Choi South Korea’s third-largest life insurer plans to boost overseas investments to almost a third of total assets, joining the growing...
Norway’s Equinor Still Gauging Extent of Oil Spill at Bahamas Terminal After Dorian October 8, 2019 Norway’s Equinor is still assessing the devastation and level of pollution at its oil terminal in the Bahamas, one month...