Lloyd’s Uses Insurable Value Data to Predict France Will Win 2018 World Cup June 12, 2018 Analyzing the collective insurable value of soccer players, Lloyd’s of London* predicts that France will be the winner of the...
Bank of Chile Hit by $10 Million Cyber Heist Using SWIFT Messaging System June 12, 2018 Shares in the Bank of Chile were down on Monday after it confirmed hackers had siphoned off $10 million of...
Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources June 12, 2018 By Sumeet Chatterjee and Anshuman Daga Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a...
Allianz Eyes M&A Targets Zurich, Hartford, QBE, Argo and More After Missing Out on XL June 12, 2018 By Dinesh Nair, Julie Edde and Ruth David A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE,...
XL Catlin Adds Cyber Solution to UK Casualty Insurance Offering June 12, 2018 XL Catlin’s insurance operations in the UK announced the extension of its casualty insurance offering to include a cyber solution....
Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M) June 12, 2018 The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform June 12, 2018 Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to...
Zurich Insurance Buys Minority Stake in InsurTech Startup CoverWallet June 11, 2018 Zurich Insurance Group has acquired a minority stake in CoverWallet, a digital business insurance agency startup. CoverWallet, which launched in...
Gallagher Acquires 65% Stake in Specialist Swiss Broker Hesse & Partner June 11, 2018 Gallagher, the insurance broker, risk management services and consulting firm, broadened its footprint in continental Europe by acquiring a 65...
London Market’s Electronic Placing Platform, PPL, Now Trades Aviation Risks June 11, 2018 The London market’s electronic placing platform, PPL Ltd., announced that aviation classes of business went live on the platform on...