CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) will make payouts of US$29.2 million to CCRIF member countries as a result of damages incurred from Hurricane Matthew. The payouts, which will be made by October 19th, are detailed as …
Marsh has appointed Ailsa King as chief client officer, UK & Ireland. Reporting to Mark Weil, CEO, Marsh UK & Ireland, King will join Marsh’s UK & Ireland Executive Committee, and, subject to regulatory approval, will become a director of …
Hurricane Nicole, which has become a Category 4 hurricane, will continue to lash Bermuda with winds and flooding rain through Thursday, according to a report issued by AccuWeather. As a Category 4 hurricane with sustained winds of between 130 and …
London Mayor Sadiq Khan told business leaders that he’ll fight any attempt to take the U.K. out of the European Union’s single market, a move he says could make Britain poorer. “If we were to leave the single market without …
Ironshore International has introduced a packaged policy to provide combined professional indemnity and general liability insurance for specialist engineers. Bermuda-headquartered Ironshore said it will underwrite coverage for professional liability, general liability, product liability and employer’s liability under one policy form …
Morristown, N.J.-based ProSight Specialty Insurance has made two key appointments to the management team of its Lloyd’s operation, ProSight Specialty Managing Agency. Philip Green becomes finance director while Jonathan Kennet has been appointed to the role of deputy active underwriter. …
Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the JLT Re study are also expected to gain an increasing …
Canadian health benefit startup League Inc said on Wednesday it has teamed up with the insurance arm of backer Royal Bank of Canada as it expands into insurance, targeting the many small businesses offering no such benefits to employees. The …
MetLife Inc., the U.S. insurer, is close to finalizing a decision to expand its operations in Ireland, according to a person familiar with the matter. New York-based MetLife may announce its plan to grow its Irish presence within the next …
Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say. While shipping companies have …
