June 6, 2018
Insurer RSA Group has received licence approval for its new insurance subsidiary in Luxembourg from the r Commissariat aux Assurances (CAA). RSA Luxembourg is being established in preparation for the United Kingdom’s exit from the European Union to ensure there …
June 6, 2018
Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s released today shows. Lloyd’s newly issued City Risk Index, which produces estimates of how …
June 6, 2018
XL Catlin insurance operations named Donnacha Smyth as president and Carla Greavesas as chief underwriting officer of Global Excess Casualty. Smyth, who will be based in Dublin, will start his new role in September. He will lead all Global Excess …
June 6, 2018
Pembroke Syndicate 4000 has developed an endorsement for its Investment Management Insurance (IMI) policy offered by the Financial Institutions unit in London. Pembroke’s new endorsement will accompany the standard IMI policy wording to clarify and expand the scope of protection …
June 5, 2018
Gilbert Chahine has been appointed chief executive officer of AXA Partners, the entity of the AXA Group Innovation Business Unit dedicated to forging global insurance and business partners. Prior to this appointment, Gilbert Chahine was chief executive officer of AXA …
June 5, 2018
Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government minister said on Tuesday. “My priority is to …
June 5, 2018
Malaysia’s transport minister said Saturday that owners of more than 71,000 affected Honda cars will be penalized if they fail to replace flawed Takata air bags, in a drastic move to curb fatalities. The deaths of seven people in Malaysia …
June 4, 2018
Cigna Corp. exposed private information including bank-account details of some customers in Asia due to a system error, the health insurer said. The company told Bloomberg it accidentally sent the information to some customers and health-care providers in early May. …
June 4, 2018
A fraudster who masqueraded as the son of a victim of the Grenfell Tower fire has been sentenced to 18 months in prison. Mohammad Gamoota, 31, claimed his father died in the London blaze so he could be entitled to …
June 4, 2018
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Mark Lingafelter as president, BHSI, Australasia. He assumes responsibility for the BHSI Australasia region from Chris Colahan, who is moving into the role of president of the specialty insurance operation in the UK …