UK Regulator’s Broker Probe May Make London Market More Competitive: Fitch November 16, 2017 The UK Financial Conduct Authority’s review of the wholesale insurance broker market could help counter the trend of rising expenses...
Insured Losses for Cyclone Xavier in Germany Estimated at $343.6M: PERILS November 16, 2017 The initial estimate of the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on Oct. 5,...
Blockchain Is Littered with ‘Smart’ Contracts Gone Bad: Opinion November 16, 2017 By Elaine Ou Smart contracts were supposed to revolutionize finance. So far, however, they have proven adept mainly at helping people lose their...
P&I Club Steamship Mutual Granted License to Operate as Insurer in Singapore November 16, 2017 Steamship Mutual, the London-based protection and indemnity (P&I) club, announced it has been granted a license to operate as an...
Europe’s Re/Insurers Cut Coal Investments by $20B; U.S. Firms Fail to Act: Report November 16, 2017 Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S....
Hedge Funds Invest in Reinsurance Stocks on Expected Rate Hikes in 2018 November 16, 2017 By Maiya Keidan, Carolyn Cohn and Lawrence Delevingne Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North...
BHSI Launches Network Security & Privacy Liability Insurance in Canada November 16, 2017 Berkshire Hathaway Specialty Insurance (BHSI) has unveiled its Professional First Network Security & Privacy Liability Policy in Canada. The product...
Canada’s Economical Insurance Names MacDonald Executive VP for Personal Lines November 15, 2017 Economical Insurance in Ontario has named Paul MacDonald as executive vice president of Personal Insurance effective early 2018. Rowan Saunders,...
JPMorgan Warns of Market Disruption If Clearing Houses Cut-Off by Brexit November 15, 2017 By Huw Jones Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior...
Apax, Carlyle Reported Among Bidders for Indian Insurer Royal Sundaram November 15, 2017 By George Smith Alexander and Anto Antony Apax Partners and Carlyle Group LP are among suitors weighing bids for a stake in Indian insurer Royal Sundaram General...