Insurers, Tech Firms ‘Must Work Together’ to Tackle Emerging Technology Risks October 12, 2017 The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new...
Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources October 12, 2017 By Katie Paul and Saeed Azhar Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller...
Kobe Steel Can Expect Spate of Lawsuits for Its 10 Years of False Data October 12, 2017 By Christie Smythe and Margaret Cronin Fisk Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years...
Octo Telematics to Buy Usage-Based Insurance Assets of Willis Towers Watson; Partnership Announced October 11, 2017 Octo Telematics, the London-based provider of telematics for the auto insurance industry, announced it will acquire the usage-based insurance (UBI)...
Arch Re Names Halgan as CEO; Dragonetti as President; Seymour-Smith as COO; Vivian as N. America CEO October 11, 2017 Arch Capital Group Ltd. has announced a number of senior management changes in its worldwide reinsurance group. Jerome Halgan, currently...
KPMG’s S. Africa Unit Names 9 New Execs in Bid to Restore Client Trust October 11, 2017 By Renee Bonorchis KPMG LLP’s South African unit appointed nine new executives in an attempt to restore trust in the auditing firm as...
Hiscox Names Markham as CEO for London Market Business October 11, 2017 Specialist global insurer Hiscox announced the appointment of Kate Markham as CEO for its London Market business, subject to regulatory...
Kobe Steel’s Data Fabrication Scandal Grows; Customers Eye Safety Impact October 11, 2017 By Masumi Suga The scandal engulfing Kobe Steel Ltd. deepened on Wednesday as the Japanese steelmaker said it may have falsified data about...
Starr Cos. Now Offers Commercial Auto Coverages in Canada October 11, 2017 Starr Cos. announced it has introduced commercial primary auto coverages in all provinces and territories in Canada. “This allows Starr...
Willis Towers Watson’s Insurance Consulting & Tech Team Taps Bruce from Travelers, Rourke from LV= October 10, 2017 Willis Towers Watson said it has strengthened its Insurance Consulting and Technology business with two new senior appointments. Based in...