UK Regulator Asks Insurers to Weigh Possible Business Impact of Climate Change August 2, 2019 By Mathew Carr and Lisa Pham The Bank of England for the first time is asking British insurers to gauge how global warming might impact the...
Aviva Weighs Options for Asian Business Including Possible Sale August 2, 2019 By Manuel Baigorri, Jan-Henrik Förster and Joyce Koh Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief...
Chubb Promotes Ortega to President, Overseas, as Andrade Moves to Top Everest Role August 1, 2019 Chubb Ltd. has appointed Juan Luis Ortega as executive vice president, Chubb Group, and president, Overseas General Insurance. He succeeds...
Lloyd’s Selects 11 Insurtechs to Support Its Future-at-Lloyd’s Project August 1, 2019 Lloyd’s welcomed 11 new teams of insurtech disruptors to join the re/insurance market’s innovation accelerator. More than 130 applications were...
UK Markets Regulator Warns of Dangers of Unregulated Cryptocurrencies August 1, 2019 By Huw Jones and Tom Wilson Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections,...
Oil Tankers Cut Navigation Risks in Strait of Hormuz by Vanishing from Tracking Systems August 1, 2019 By Brian Wingfield and Julian Lee Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most...
Specialist Broker SSL Endeavour to Launch Cyprus & Greece Subsidiary August 1, 2019 Specialist independent Lloyd’s broker SSL Endeavour Ltd. announced it is planning to launch a wholly owned subsidiary, SSL Endeavour Insurance...
Hiscox Re & ILS Promotes Dolphin to Director of Underwriting, Lee to COO August 1, 2019 Specialist Bermuda-based insurer Hiscox announced two new appointments within Hiscox Re & ILS. Andrew Dolphin has been appointed director of...
Generali’s Net Profit Rises 34.6% in First Half August 1, 2019 By Gianluca Semeraro Italy’s top insurer, Generali , reported first-half operating profit above market estimates on Thursday, helped by growth across its business...
AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S. August 1, 2019 By Will Hadfield and Andrew Blackman AXA SA’s shift away from life insurance yielded growing volumes and improved profitability as a restructuring move hit the bottom...