North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics February 9, 2018 By Suzanne Barlyn, Carolyn Cohn and Noor Zainab Hussain If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success....
Hiscox Names Walter as CEO Hiscox Global Retail, Langan as CEO of Hiscox USA February 8, 2018 Hiscox Ltd. announced that Ben Walter, the current CEO of Hiscox USA, will relocate to London to take up the...
Zurich Insurance Raises Dividend as Cost Cuts Bear Fruit February 8, 2018 By Jan-Henrik Förster and Patrick Winters Zurich Insurance Group AG overcame a record year for natural-disaster claims in the industry to deliver its first dividend increase...
Everest Insurance Hires Aspen’s Sanders to Lead Europe Credit & Political Risk Business February 8, 2018 Everest Re Group Ltd. announced that Paul Sanders has joined Everest Insurance as head of their European Credit and Political...
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...