Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint September 11, 2018 By Brian Chappatta Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has...
Liberty Mutual Forms Global Transaction Solutions Unit, Taps Bamford to Lead September 10, 2018 Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its mergers & acquisitions (M&A) insurance offerings with the formation...
Aon’s Blackwell to Join JLT Re as Partner September 10, 2018 Global reinsurance broker JLT Re announced that Martin Blackwell will be joining the firm as a partner, Capital Solutions, next...
Why Reinsurance Industry Consolidation Will Continue: Fitch September 10, 2018 As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of...
British Airways Says ‘Sophisicated’ Hacker Stole Data on 380,000 Customers September 10, 2018 By Paul Sandle British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over...
Nexus Completes Acquisition of Castel’s Aerospace MGA Altitude Risk Partners September 10, 2018 Independent specialty managing general agent Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation...
Volkswagen Investors Seek $10.6 Billion Over Diesel Scam September 10, 2018 Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker...
Alibaba’s Ma to Step Down as Chairman in Year; Zhang Named Successor September 10, 2018 By Lulu Yilun Chen Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding...
Expect a Very Different Looking Lloyd’s Workspace In a Few Years: Beale September 10, 2018 By Gavin Finch Lloyd’s of London’s historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative...
Insured Losses from Typhoon Jebi Estimated at $2.3-$4.5 Billion: AIR September 9, 2018 Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoo Jebi, which made landfall in Japan on...