Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...
Ironshore International’s M&A and Tax Insurance Unit Opens Frankfurt Office July 7, 2017 Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore...
Fairfax Financial Completes $4.9 Billion Acquisition of Allied World July 6, 2017 By L.S. Howard Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co....
Global Premium Growth Slows in 2016 – with China as Exception: Swiss Re July 6, 2017 By L.S. Howard Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in...
Kent to Become Willis Re’s Global CEO when Cavanagh Retires July 6, 2017 Willis Re announced that James Kent, the current deputy global CEO, will succeed John Cavanagh when he retires from his...
China’s Fosun Denies Rumors that Chairman Guo Has Gone Missing July 6, 2017 Chinese conglomerate Fosun saw shares in its listed units fall on Thursday, prompting it to refute online rumors that it...
Could Global Warming Be Speeding Up? It’s Likely, Say Harvard Scientists July 6, 2017 By Eric Roston Two climate scientists suggest they’ve come closer to resolving a critical debate about how quickly human activity will heat up...
UK Risks Losing Status as Europe’s Top Finance Center After Brexit: Report July 6, 2017 By Andrew MacAskill and Huw Jones Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure...
Ex-Swiss Re CEO Liès to Be Named Chair of Zurich Insurance, Succeeding de Swaan July 6, 2017 Zurich Insurance Group’s board of directors announced it will elect the former group CEO of Swiss Re, Michel M. Liès,...
AXIS Capital to Acquire Lloyd’s Specialty Re/Insurer Novae for $604 Million July 6, 2017 AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London....