Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO June 27, 2019 By John Revill UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on...
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis June 26, 2019 Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include...
BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement June 26, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker...
Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia June 26, 2019 Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The...
Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says June 26, 2019 By Ari Rabinovitch and Tova Cohen Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in...
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...