Chinese President Xi Jinping wants women to have more babies. That’s proving to be a costly goal. After government-run insurance funds paying for maternity leaves suffered revenue shortfalls for the first time, Xi’s government has begun taking steps to shore …
AssuredPartners Inc., the Lake Mary, Fla.-based insurance broker, has acquired B&W Brokers Ltd. of London. Specializing in providing casualty and property insurance and placing binding authorities, B&W services clients in Canada, Australia, the United Arab Emirates (UAE) and North America. …
JLT FAC, part of JLT Re, a global provider of reinsurance broking and consultancy, has appointed two senior executives in London and its U.S. team. In London, Nikki Melbourne will join the firm as partner. She joins from RSA where …
Folgate Insurance Co. Ltd. has received approval from the UK’s Prudential Regulation Authority (PRA) to start writing primary insurance, as well as reinsurance. All business written through Folgate will be underwritten by managing general agent APC Underwriting – in a …
Lloyd’s insurer Advent announced the launch of its online pricing and placing tool, PVPlus. Developed in partnership with CFC Underwriting, this solution gives small and medium sized (SMEs) businesses in the Middle East and North Africa region access to low-ticket …
Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act. Unless the EU follows the U.K. government in putting …
Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. The company, which is …
Hackers from Russia are infecting Ukrainian companies with malicious software to create “back doors” for a large, coordinated attack, Ukraine’s cyber police chief told Reuters on Tuesday. The hackers are targeting companies, including banks and energy infrastructure firms, in a …
Uber Technologies Inc. was given an 15-month license to operate in London by a judge after the ride-sharing service worked out most of its differences with regulators. Judge Emma Arbuthnot granted the license in a ruling Tuesday. The case stems …
A Brexit clause has been published by the International Underwriting Association (IUA) to help companies manage insurance contracts as the UK leaves the European Union. The Brexit Contract Continuation Clause aims to clarify how firms will continue to pay claims …
