UK Regulator Calls for New Regime Providing Open Access to Global Markets January 26, 2017 By Huw Jones Banks, insurers and traders that comply with reinforced global financial sector rules should be allowed to operate unhindered across the...
Brit Launches Lutine Yacht Consortium with Capacity of $250M January 26, 2017 Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht...
Hiscox Launches Security Incident Response Policy for Crisis Support January 26, 2017 Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services....
Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS January 26, 2017 PERILS AG has disclosed its second loss estimate for the series of earthquakes which hit Central Italy between Oct. 26...
XL Catlin Appoints Karna as Chief Data Officer January 26, 2017 XL Catlin has announced the appointment of Dr. Henna A. Karna as chief data officer, reporting to XL’s chief platform...
Intesa’s Interest in Generali Merger Has ‘No Obvious Logic’: Opinion January 25, 2017 By Chris Hughes Intesa Sanpaolo SpA’s interest in combining with insurer Assicurazioni Generali SpA has no obvious logic to it. If the lender...
Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report January 25, 2017 Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 –...
Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe January 25, 2017 Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues...
Canada Pension Fund to Commit $1B to Fairfax’s Deal with Allied: Sources January 25, 2017 By Katia Dmitrieva and Scott Deveau Prem Watsa’s Fairfax Financial Holdings Ltd. is close to announcing a deal that would see one of Canada’s largest pension...
W.R. Berkley Suspends Marine Underwriting in London: Sources January 25, 2017 By L.S. Howard W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the...