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...
Japan Quakes to Cost Insurance Industry $2B-$3B Annually: Karen Clark & Co. August 30, 2019 For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a...
World’s Safest Cities: Washington Rises, Hong Kong Falls August 30, 2019 There’s a new surprise member of the world’s safest cities club. Washington, D.C. has entered the top 10 in the...
New Specialty Broker McGill & Partners Forms U.S. Subsidiary August 29, 2019 By L.S. Howard The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate,...
Liberty Specialty Markets Taps Brodu from AIG as Head of Financial Lines, France August 29, 2019 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Antoine Brodu as head of Financial...