American International Group Inc. is selling its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey to property/casualty insurer Fairfax Financial Holdings Ltd. AIG is also selling Fairfax the renewal rights for the portfolio of …
Pioneer Underwriters announces that Graeme Rayner has commenced his role as group director of underwriting, reporting to Chief Executive Officer Darren Doherty. Rayner, whose appointment was first announced in August 2016, joins from MS Amlin where, prior to Mitsui Sumitomo’s …
Some five months after the wildfires that devastated Fort McMurray were extinguished, anger over red tape and the slow pace of insurance payouts and permit issuance is flaring in the remote northern Canadian city. More than 1,900 structures were destroyed …
Century Underwriting, the London-based specialist commercial managing general agent, has launched a new liability underwriting division and made two senior appointments to support its growth. Tony Collman has been appointed to lead the development and growth of the division with …
Typhoon Sarika made landfall in eastern Philippines on Sunday after leaving at least two people dead a day earlier, thousands of villagers displaced and hundreds of planes grounded. Locally named Karen, the typhoon weakened after hitting the town of Baler, …
Lloyd’s has appointed Daniel Revilla as head of Latin America responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market. He will also assume the role of country manager for Mexico and …
Rwandan doctors stranded without vital blood supplies are about to be rescued by an important new ally in their fight to save lives: drone deliveries. Zipline, a California-based robotics company, will launch a service on Friday using drones to deliver …
Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial institutions in Britain have risen from just 5 …
Willis Re has appointed Ronnie Carroll as head of Structured Solutions for Europe West and senior UK client advisor. He will report to Alkis Tsimaratos, managing director, head of Europe West. Carroll joins from Hannover Re where he was a …
Hurricane Nicole made a direct hit on Bermuda Thursday as the strongest hurricane to affect the Atlantic archipelago in 13 years, according to a report issued by Weather Underground. The storm’s impact on Bermuda has now ended, with the exception …
