Cost-Cutting Japanese Factories Struggle to Maintain Safety October 31, 2017 By Sam Nussey A series of safety scandals at Japanese companies have put the country’s lionized factory floor under scrutiny as manufacturers struggle...
Iron-Excess Names 3 to Specialty Casualty Posts for U.S., London October 30, 2017 Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess...
Aon to Acquire UK-Based Insurance Broker Henderson October 30, 2017 Global insurance broker Aon said it will acquire Henderson Insurance Broking Group, an independent UK-based insurance broker. Terms were not...
Beazley Taps XL Catlin’s Taboada, Zurich’s Misol as Financial Lines U/Ws, Spain October 30, 2017 Specialist insurer Beazley continues to build its international specialty lines team, with the appointments of Estefania Taboada and Ana Misol...
UK Faces Bad Deal for Brexit, Gloomy Outlook: S&P, Fitch October 30, 2017 By Andy Bruce Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy...
Aon Reports 6% Increase in Q3 Revenues to $2.2B October 30, 2017 Aon reported third quarter revenue of $2.3 billion, an increase of 6 percent from the $2.2 billion reported for the...
Basic IT Best Practice Would Have Limited WannaCry Cyber Attack: UK Report October 30, 2017 By Nate Lanxon and Tim Ross The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National...
Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance October 30, 2017 Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process...
Randall & Quilter Agrees to Novate Management of ProSight’s Syndicate 1110 October 30, 2017 Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management...
Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation October 30, 2017 RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation...