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...
Former QBE Group CEO Neal Appointed as Lloyd’s CEO, Succeeding Beale September 7, 2018 John Neal has been appointed as the chief executive officer of Lloyd’s following a meeting of the Council of Lloyd’s,...
Hub International Acquires Ontario-Based Access Insurance Brokers September 7, 2018 Hub International Limited (Hub), the Chicago-based insurance broker, announced that it has acquired Access Insurance Brokers Inc. Terms of the...
Low-Level Airports at Risk from Flooding by Rising Sea Levels: Opinion September 7, 2018 By David Fickling, Bloomberg View The sight of a flooded Kansai International Airport and 3,000 stranded people after Typhoon Jebi slammed into southern Japan this...
Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber September 7, 2018 Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent...
Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best September 7, 2018 Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by...
Randall & Quilter Forms New Unit for U.S., European Program Management Business September 7, 2018 Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its...
Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold September 7, 2018 By Loni Prinsloo Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to...