Is the Reinsurance Cycle Dead or Just Dormant? Executives Discuss New Realities October 2, 2018 By L.S. Howard Many reinsurance executives have been left scratching their heads in surprise after last year’s natural catastrophes, which cost a whopping...
Aspen Insurance CEO O’Kane Issues Statement That He Will Step Down in 2019 October 2, 2018 Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down...
Cloutier to Step Down as Brit’s Exec. Chairman, with Plans to Become CEO of Aspen October 1, 2018 Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018....
Australian Prime Minister Asks Regulator to Prosecute Bankers for Financial Misdeeds October 1, 2018 By Alison Bevege Australian Prime Minister Scott Morrison said on Sunday it was up to the country’s financial regulator to prosecute bankers following...
UK’s Tesco Bank Slapped with $21.4M Fine for ‘Foreseeable’ Cyber Attack in 2016 October 1, 2018 By Huw Jones Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank...
Guy Carpenter Taps O’Brien from Marsh as Head of Cyber Centre of Excellence October 1, 2018 Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International...
Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes October 1, 2018 By Jamie Freed Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest...
Death Toll from Indonesia’s 7.5 Magnitude Quake, Tsunami May Reach Thousands September 30, 2018 By Yoga Rusmana, Ruth Carson and Thomas Kutty Abraham The death toll from a 7.5 magnitude earthquake and tsunami that hit Indonesia’s island of Sulawesi climbed to more than...
Typhoon Trami Hammers Japan; Flights and Trains Canceled in Tokyo September 30, 2018 By Yuko Takeo and Kazumi Miura Typhoon Trami is bringing Tokyo to a halt. East Japan Railway Co. suspended all train service in the Japanese capital...
Brexit Price Tag for UK Government Is £500 Million per Week: Study September 30, 2018 Britain’s decision to leave the European Union has cost the government 500 million pounds ($650 million) a week, wiping out...