Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks June 26, 2019 A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed...
Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling June 26, 2019 By Jonathan Browning A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle...
Specialty Broker Ed Expands to Bermuda June 25, 2019 Reinsurance and specialty broker Ed said it has received regulatory approval from the Bermuda Monetary Authority for its new operation...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business June 25, 2019 By L.S. Howard Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward,...
Insurance for Middle East Oil Shipments Soars to More Than $500,000 June 25, 2019 By Sheela Tobben The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture June 25, 2019 By Charlie Devereux and Will Hadfield Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint...
Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets June 25, 2019 By Taiga Uranaka and Komaki Ito Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits...
Lloyd’s Suspends Broker Over Harassing Email June 25, 2019 By Gavin Finch Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email...
Liberty Mutual Re Taps Voges from AXA as Senior Marine & Energy Underwriter June 24, 2019 Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Jens Voges as senior underwriter and product leader Marine...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...