Canada’s marijuana legalization took a big step forward as the Senate passed an amended bill, meaning Justin Trudeau’s government can probably finalize the law and open the market in the next few months. Bill C-45 passed by a vote of …
Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a senior lawmaker said on Thursday. The now defunct Financial Services Authority had a requirement to pay heed to competitiveness – …
Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and are forecast to rise to $331.5 billion …
European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said. The drop in crude purchases from …
Insurer XL Group’s shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately USD $15.3 billion, to be fully paid in cash. Under the terms of …
Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has plans to …
Residents of London’s Grenfell Tower were wrongly told to stay in their apartments as fire raged through the high-rise building nearly a year ago, aided by flammable external cladding and a host of fire-safety failings, an expert report said this …
June 6, 2018, 12:45:18 PM —About 120 firefighters are tackling a fire on the roof of the Mandarin Oriental Hotel, which adjoins the luxury One Hyde Park apartment project in Knightsbridge. Twenty fire engines are being used to fight the …
People of the villages skirting Guatemala’s Volcano of Fire have begun mourning the few dead who could be identified after an eruption killed dozens by engulfing them in floods of searing ash and mud. Mourners cried over caskets lined up …
Bermuda-based specialty insurer and reinsurer Argo Group International Holdings is rebranding its subsidiary Ariscom to ArgoGlobal Assicurazioni following Argo Group’s acquisition of the digital Italian specialty insurance subsidiary in March. As announced in April 2018, Giovanni Tucci serves as managing …
