Insurance Not Only Industry Facing Disruption from Driverless Vehicles February 8, 2018 By Jack Sidders and Jess Shankleman The link between property and transport has been perhaps the most durable in human history. Since the ancients, few things...
XL Group Attracts Interest from Allianz, Other Rivals as Potential Buyers February 7, 2018 By Matthew Monks, Eyk Henning, Ruth David and Manuel Baigorri Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge...
Japan’s SoftBank in Talks to Buy Stake in Swiss Re February 7, 2018 By Brenna Hughes Neghaiwi and Sam Nussey Swiss Re said it is in preliminary talks to sell a minority stake to SoftBank Group – a deal that...
UK Supermarket Group Tesco Faces Potential Equal Pay Claims of Up to $5.6B February 7, 2018 By James Davey Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) in a record equal...
XL Catlin Promotes MacColl as Global Practice Leader for Hull, Succeeding Talbot February 7, 2018 XL Catlin announced the promotion of Mike MacColl to the position of global practice leader for Hull with immediate effect....
Aon Securities Structures Largest-Ever Earthquake Catastrophe Bond for World Bank February 7, 2018 Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in...
Bangladesh to File Suit Against Philippines Bank over $81M Cyber Heist February 7, 2018 By Ruma Paul Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest...
Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox February 7, 2018 Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite...
Magnitude-6.0 Quake Hits Taiwan; at Least 6 People Killed, More Than 200 Injured February 7, 2018 By Adela Lin Hundreds of rescuers are searching for people still missing after a magnitude-6.0 earthquake struck the east coast of Taiwan late...
UK Businesses Issue ‘Urgent Appeal’ for More Clarity on Brexit Blueprint February 7, 2018 By Suzi Ring UK Plc issued an “urgent appeal” to Prime Minister Theresa May to get off the fence on Brexit or risk...