French Utility EDF Prepares Its Nuclear Reactors for Climate Change July 11, 2019 By Francois de Beaupuy Electricite de France SA is preparing its nuclear power facilities to operate in more severe heatwaves in the coming decades...
BHSI Opens Office in Germany, Names QBE’s Krause as Country Manager July 11, 2019 Berkshire Hathaway Specialty Insurance (BHSI) has appointed Andreas Krause as country manager for Germany and established a new office in...
Pakistan Examines Ways to Bolster Insurance Penetration July 11, 2019 By Faseeh Mangi Pakistan’s securities watchdog is examining ways to support the country’s struggling brokerage and insurance industries under its latest chief. The...
AM Best Affirms Credit Ratings of Lloyd’s July 11, 2019 AM Besthas affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Lloyd’s...
Marriott Faces $124M Fine for Massive Data Breach Under New Data Protection Rules July 11, 2019 By Patrick Clark and Jonathan Browning The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the...
Swiss Re Postpones $4B ReAssure IPO, Citing Weak Investor Demand July 11, 2019 By Brenna Hughes Neghaiwi and Arno Schuetze Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the...
Pushing and Pulling Lloyd’s Into the 21st Century July 10, 2019 By L.S. Howard Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars...
Volvo’s Autonomous Trucking Offer Bundles Pilots, Insurance, Services July 10, 2019 By Esha Vaish Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a...
Last Chance: Future-at-Lloyd’s Consultation Period Ends Today July 10, 2019 Today is the last day when Lloyd’s market practitioners can provide input to the Future at Lloyd’s project, which was...
Mining Firm Vale Must Fix All Damages from Deadly Dam Collapse: Brazil Court July 10, 2019 A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a...