Chubb Forms Partnership with China’s Largest P/C Insurer, PICC November 27, 2017 Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China...
UK, Ireland’s Storm Ophelia to Cost Insurers an Estimated $70.1M: PERILS November 27, 2017 Insurance losses for Storm Ophelia, which hit Ireland and the United Kingdom on Oct. 16-17, are estimated at €60 million...
Ascot Group Launches Bermuda Reinsurer; Berger Appointed CEO November 27, 2017 Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd., after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re...
UK Financial Services Industry Pays Record Taxes, ‘Underlining Need’ for Brexit Deal November 27, 2017 By Huw Jones Britain’s financial services industry paid a record 72.1 billion pounds ($96.2 billion) in tax during the past fiscal year, PwC...
Tourists Stranded, Evacuations Ordered as Bali Volcano’s Eruption ‘Imminent’ November 27, 2017 By Nyimas Laula Indonesia closed the airport on the tourist island of Bali on Monday and ordered 100,000 residents living near a grumbling...
Zurich Insurance Plans to Double Allocation to Impact Investments, Earmarking $5B November 27, 2017 By Jan-Henrik Förster Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader...
Commercial Insurance Rate Decreases Slowing Globally: Marsh November 22, 2017 Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter...
As Re/Insurers’ Results Are Hit, ‘Substantial’ Rate Hikes Expected: Swiss Re November 22, 2017 Non-life re/insurers’ full-year underwriting results are likely to be severely impacted from the second half’s three hurricanes and earthquakes in...
Starr Cos. Forms Agreement with SMARTT MGA for General Aviation Business November 22, 2017 Starr Cos. announced an agreement with SMARTT MGA to act as agents for Starr International (Europe) Ltd. to provide automated...
BHSI Introduces Contractors Plant & Equipment Cover in Australia November 22, 2017 Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced a new Contractors Plant & Equipment (CP&E) policy for customers...