Oil & Gas Industry Faces More Frequent & Sophisticated Cyber Attacks: Deloitte June 27, 2017 By Giacomo Tognini Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as...
MGA Pen Underwriting Launches Specialist Cover for UK Construction Market June 27, 2017 Pen Underwriting* has launched a new product to address the UK construction industry’s wide-ranging, complex risk exposures. Backed by “A”-rated...
Arconic Stops Selling Cladding for High-Rises After Grenfell Tower Tragedy June 27, 2017 By Sinead Carew and Jan Wolfe Arconic Inc. said on Monday it will stop global sales of plastic-filled aluminum cladding panels for use in high-rise buildings...
Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures June 26, 2017 By Sarah Jones Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance...
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale June 26, 2017 By Carolyn Cohn Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them...
AIR Worldwide Launches Crop Hail Model for Canada June 26, 2017 Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers...
Planned Sale of Israel’s Phoenix Holdings to China’s Yango Is Scrapped June 26, 2017 Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian...
Whirlpool Fridge Started London’s Grenfell Tower Fire that Killed at Least 79 June 26, 2017 By Alex Morales and Charlotte Ryan A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp. fridge...
Everest Re Taps Hiscox’s Kelly to Lead International Casualty Facultative Unit June 26, 2017 Everest Re Group, Ltd. announced that Matthew Kelly has joined the group as vice president and head of the Reinsurance...
Allianz Sells Private Bank OLB to Private Equity Firm Apollo for $336M June 26, 2017 German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to...