International & Reinsurance News

JLT Re Partners with Cyber Risk Modeling Platform, CyberCube

JLT Re, the London-based reinsurance broker and consultancy, announced it has formed a partnership with CyberCube, the cyber risk modeling platform. JLT Re’s existing cyber and enterprise modelling tools, combined with CyberCube, will provide unique insights to help clients manage …

Trump Criticizes UK Prime Minister’s Brexit Plan, Saying He Would Have Done It Better

U.S. President Donald Trump said a free trade deal with Britain might be impossible if London went ahead with Prime Minister Theresa May’s proposals for post-Brexit ties with the European Union, in damaging remarks that could widen domestic criticism of …

UK Banks, Insurers Support Global Standards for Regulation After Brexit: Watchdog

Britain’s banks and insurers want to stick to global standards on financial regulation after Brexit and are not calling for a “race to the bottom” to win business from European rivals, the head of Britain’s financial watchdog said on Wednesday. …

Broker BMS Taps Gluszkiewicz from InterRISK as Director of Australian Operations

BMS Group Ltd., the independent specialist insurance and reinsurance broker, announced that Danny Gluszkiewicz is joining the growing BMS Australia team as a director of the Australian operations, effective August 2018. Based in Brisbane, he reports to Andrew Godden, CEO …

Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties

Britain’s financial industry slammed U.K. Prime Minister Theresa May’s latest proposal for Brexit, with some calling it the worst outcome possible. In some of their most forthright comments since the referendum vote in 2016, industry executives said Thursday that her …

AXA, XL Choose Name for Combined P/C, Specialty Operations: ‘AXA XL’

Following the completion of the acquisition of XL Group by AXA SA – expected in the second half of 2018 – the two insurers have chosen the name of the division that will be dedicated to large property/casualty commercial lines …

EU Dismisses UK Concerns About Post-Brexit Continuity of Insurance Contracts

The Bank of England’s warning that Brexit threatens trillions of pounds of financial contracts is falling on deaf ears in Brussels. Valdis Dombrovskis, the European Union’s head of financial-services policy, dismissed an alert issued by BOE Governor Mark Carney, who …

Subrogation Management Firm SubroSmart Opens London Operations

SubroSmart*, a subrogation management firm, has announced the launch of its London operations, which will be led by George Gager and Chris Lally. The SubroSmart London team brings more than four decades’ combined experience in the global insurance market, said …

Europe’s Banks Move to Greener Finance in Response to Climate Change Risks

Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change. “It is coming, it’s a trend that’s started,” said Louis Douady, head of …

Diversity & Inclusion Help Drive Business Success: People Development Team

There has never been a better time for the insurance profession to begin deepening the conversation around diversity and inclusion (D&I). In fact, there has never been a better time to capitalize on the fact that the industry has started …

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