How New EU Rules Make It Tougher for Insurers, Hedge Funds to Manage Currency Risk September 15, 2017 By Saikat Chatterjee New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders...
AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters September 15, 2017 By Sumeet Chatterjee Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is...
Standard Chartered Meets with British Authority Overt Indonesia Bribe Allegations September 15, 2017 Standard Chartered was to meet Britain’s Financial Conduct Authority this week over allegations of corruption at an Indonesian power plant...
Axa Eyes Options for European Asset Management Unit September 15, 2017 By Fabio Benedetti-Valentini , Ruth David and Dinesh Nair French insurer Axa SA is reviewing options for its European asset management unit amid consolidation in the sector, according to...
Harvey and Irma Jeopardize 2017 Earnings, Says Munich Re September 14, 2017 By Katherine Chiglinsky Munich Re, the world’s largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit...
Chubb Appoints Parchment to Head European Personal Risk Services September 14, 2017 Chubb announced that Tara Parchment, vice president, Personal Risk Services, UK & Ireland, has been appointed as head of its...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing September 14, 2017 By L.S. Howard The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and...
Hub Acquires Delisle Agencies of Canada September 14, 2017 Global insurance broker Hub International Ltd. has acquired Delisle Agencies Ltd. of Delisle, Saskatchewan, Canada. Terms of the acquisition were...
EU Looks to Strengthen Cyber Defenses September 14, 2017 By Julia Fioretti Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund...
Sciemus Partners with HSCM Bermuda and Is Renamed Argon Underwriting September 13, 2017 Sciemus, a specialty Lloyd’s MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and...