Artificial Intelligence Poses Risks to Insurers, Banks, Warns Global Regulator November 1, 2017 By Huw Jones Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators,...
UK Could Lose 75,000 Insurance, Banking Jobs as a Result of Brexit: Regulator November 1, 2017 By John Glover Sam Woods, Britain’s top banking regulator, said a consultancy’s estimate that Brexit could cause as many as 75,000 job losses...
Aon Completes Acquisition of Dutch Broker Unirobe Meeùs Groep November 1, 2017 Aon Groep Nederland announced it has completed its acquisition of Unirobe Meeùs Group (UMG) from Aegon for €295 million (343.4...
Swiss Re Names Richards as Head Casualty Reinsurance; Parton as Head P/C Business Mgmt. November 1, 2017 Swiss Re has appointed Jason Richards as head Casualty Reinsurance. At the same time, Nicola Parton was named head P/C...
AIG Names MetLife’s Townsend as CEO, International General Insurance October 31, 2017 American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In...
Beazley Launches Suite of Financial Lines Products in Spain October 31, 2017 Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a...
Cat Facility CCRIF to Pay Trinidad & Tobago $7M for Severe October Rains October 31, 2017 Cayman Islands-based CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Trinidad & Tobago will receive a payout...
Singapore Looks to Create Thousands of Finance, Insurance Jobs October 31, 2017 By Chanyaporn Chanjaroen Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more...
Cost-Cutting Japanese Factories Struggle to Maintain Safety October 31, 2017 By Sam Nussey A series of safety scandals at Japanese companies have put the country’s lionized factory floor under scrutiny as manufacturers struggle...
Iron-Excess Names 3 to Specialty Casualty Posts for U.S., London October 30, 2017 Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess...