No-Deal EU Exit ‘Now a Very Real Prospect’, Says Head of Newly Formed Brexit Cabinet July 29, 2019 By Brian Swint UK Prime Minister Boris Johnson’s high-level Brexit cabinet holds its first meeting Monday, and will gather every day to ensure...
Climate Change Blamed for Europe’s Latest Heatwave July 26, 2019 By William Wilkes and Megan Durisin Europe’s latest summer heatwave broke heat records just weeks after the continent had its hottest ever June, fueling concern that...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform July 26, 2019 By L.S. Howard Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time...
Risk of No-Deal Brexit Rises as EU Rejects PM Johnson’s Demands for Better Exit Deal July 26, 2019 By Robert Hutton and Joe Mayes The scale of the challenge facing Boris Johnson to break Britain’s political deadlock was laid bare in his first days...
African Telecom Firm Africell Plans to Expand in Micro-Insurance, Mobile Payments July 26, 2019 By Elias Biryabarema African telecom firm Africell plans to spend part of a $100 million U.S. credit line on expanding its infrastructure and...
CFC Underwriting Taps Francis from Aon/Stroz Friedberg as Cyber Claims Director July 26, 2019 CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber...
First Half Natural Disasters Cost Insurers $20B, Down 26% from 18-Year Average: Aon July 25, 2019 Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than...
Allergan Announces Global Recall of Textured Breast Implants July 25, 2019 By Nivedita Balu and Manas Mishra Allergan Plc said on Wednesday it was recalling its Biocell textured breast implants and tissue expanders across markets, citing concerns...
Aon Names Barrett Regional Managing Director EMEA, Captive & Insurance Mgmt. July 25, 2019 Aon has appointed Vincent Barrett as regional managing director EMEA for its Captive & Insurance Management business. In his new...
Update: French Reinsurer SCOR Reports 62% Rise in Net Profit During 2nd Quarter July 25, 2019 By Inti Landauro French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the...