Global Reinsurers See Promising Green Shoots in 2019 with ‘Hardening’ Pricing: S&P June 5, 2019 Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be...
S. Korea Scrambles to Stop Spread of African Swine Fever After N. Korea Outbreak June 5, 2019 By Kim Tong-Hyung South Korea said Friday that it is scrambling to prevent the spread of the highly contagious African swine fever on...
Norsk Hydro’s Core Profit Plunges 82% After March Cyber Attack, Brazilian Spill June 5, 2019 Aluminum producer Norsk Hydro, the victim of a cyber attack in March that paralyzed its IT systems, posted an 82%...
London Must Avoid Becoming ‘Offshore’ Financial Center After Brexit, Says CFTC Chief June 5, 2019 By Huw Jones Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone...
AXA XL Partners with IPRS Health to Offer Employer’s Liability Insurance Solution in UK June 4, 2019 AXA XL Insurance has partnered with IPRS Health to launch an employer’s liability insurance solution, AXA XL HealthAssist, for UK...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge June 4, 2019 Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century,...
World’s Largest Companies Forecast Climate Change Could Cost Them $1 Trillion June 4, 2019 By Eric Roston An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose,...
Russia’s Aeroflot Cuts Superjet Flights After Fatal Crash in May June 4, 2019 By Andrew Osborn and Gleb Stolyarov Russian airline Aeroflot has scaled back the number of Sukhoi Superjet 100 flights it operates after one of its planes...
HDI Global Specialty Names Waters as Head of Distribution and Business Development June 4, 2019 HDI Global Specialty SE announced the appointment of Alan Waters as global head of Distribution and Business Development. Waters will...
Gallagher Finalizes Acquisition of JLT’s Global Aerospace Operations June 3, 2019 Arthur J. Gallagher, the Rolling Meadows, Ill.-based insurance broker, confirmed the previously announced acquisition of Jardine Lloyd Thompson Group plc’s...