Andrew Matson has been named leader of Aon’s newly formed Global Portfolio Broking team – a Reinsurance Solutions unit. Aon said the unit “will build on the success of established pioneering facilities, while developing new facilities in line with client …
Some of the world’s largest technology companies might be breaking the European Union’s new data privacy law, according to an analysis of their policies conducted by artificial intelligence software. Researchers from the European Union Institute in Florence worked with an …
Insurers, industry bodies and brokers, together with other organizations across the insurance sector, have joined forces to launch a new industry-wide pledge, designed to change behaviors and create a more inclusive work environment across the sector. Spearheaded by Lloyd’s and …
Many U.K. financial firms don’t have a Plan B to fall back on if they’re hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed plan for …
Prime Minister Narendra Modi’s plan to provide health insurance to half a billion Indians — a mass of people larger than the entire population of South America — before he seeks a fresh mandate next year is already facing serious …
Assicurazioni Generali SpA agreed to sell almost 90 percent of its German Generali Leben unit to a company owned by Cinven Ltd. and Hannover Re in a deal that values the business at about 1 billion euros ($1.2 billion.) The …
Allianz SE plans to buy back as much as 1 billion euros ($1.16 billion) of its shares amid an abundance of capital and returns crimped by low interest rates. Europe’s biggest insurer will buy back as much as 41.5 million …
Tokio Marine Kiln (TMK) has established a US$100 million intellectual property (IP) facility with global insurance broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the first for IP in the …
The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. This third loss estimate from PERILS has risen …
Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world’s poorest regions, the World Bank said. A World Bank report released on Thursday [June 28] analyzes …
