International News

Latest Edition of AMA Guides Lowers Impairment Ratings in Workers’ Compensation

For workers injured at work, the amount of compensation they receive depends on which edition of the medical guidelines on evaluating impairments is used. The American Medical Association (AMA) Guides to the Evaluation of Permanent Impairment is used in workers’ …

S&P Upgrades Outlook for AXIS

AXIS Capital Holdings won an outlook upgrade from Standard & Poor’s Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic initiatives. Standard & Poor’s revised its AXIS outlook to stable …

AnaCap Equity Firm to Sell French Broker AssurOne Group

AnaCap Financial Partners, a private equity firm, has agreed to sell French insurance broker AssurOne Group to Societe Centrale Prevoir SA, an asset management firm based in Paris. AOG specialises in online distribution and management of personal insurance products. AnaCap …

UN Talks Seeking Climate Rulebook Reflect U.S.-China Tension

China accused some of the richest nations in the world of “backsliding” on pledges to clean up pollution and provide $100 billion a year in climate-related aid by 2020. The comments at a United Nations conference on global warming in …

Markel’s Maher Joins AXIS Cyber Team

AXIS Insurance announced the hiring of Andrew Maher as senior cyber underwriter. Maher joins AXIS from Markel in London, where he spent two years as a senior cyber underwriter. He began his career at Beazley, where he held several underwriting …

Possible Drone Strike on Aeromexico Jetliner Under Investigation

Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the U.S. border. Images on local media showed considerable damage to the nose of the …

Slice Now Offering On-Demand Insurance Cloud Services Platform to Insurers in UK, EU

Slice Labs Inc. said it is now making its Insurance Cloud Services (ICS) available in the United Kingdom and across the European Union. The ICS allows subscribing insurers to Iaunch on-demand insurance products customised to locale, language and demographics. In …

Average World Temperatures to Far Exceed Paris Climate Agreement Goals: Report

Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday [Nov. 11]. But the overshoot by the end of this century could be …

Most UK SMEs Don’t Understand Risks of Cyber Attacks, Data Loss: Aon Poll

A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more than eight out of …

Gallagher Bassett Acquires UK-Based Property Claims Management Services

Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating back to 1991, Tamworth, England-based PCMS business provides …

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