Insured Natural Disaster Losses in 2017 Were 38% of Economic Costs of $353B: Aon January 24, 2018 Insured losses for last year’s 330 natural catastrophes reached US$134 billion, or 38 percent of their economic price tag of...
KKR-Backed Optiv Plans to Offer Cyber Security Services in Europe January 24, 2018 By Eric Auchard Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe where it will offer...
QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes January 24, 2018 By L.S. Howard QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural...
Worldwide Broker Network Appoints CEO of Mojumdar & Co. as New Board Member January 24, 2018 The Worldwide Broker Network (WBN) announced the appointment of Larry Mojumdar, CEO of Mojumdar & Co. Ltd., of Tokyo, to...
AXIS Capital Restructures to Focus More on Tech & Innovation January 24, 2018 AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye...
Tata Group Predicts Significant Organic Growth Opportunities in Insurance January 23, 2018 By Bhuma Shrivastava and Debjit Chakraborty The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks...
TigerRisk Names Beckers, from Aon, as Partner and Head of EMEA January 23, 2018 TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced that Marc Beckers has been named partner and head of EMEA....
Facebook Responds to EU’s New Data Law with Changes to Privacy Controls January 23, 2018 By Julia Fioretti Facebook will make it easier for its more than 2 billion users to manage their own data in response to...
6.1 Magnitude Quake Hits Indonesia, Causing Damages, Injuries on Java Island January 23, 2018 Office workers fled high-rise buildings in the Indonesian capital on Tuesday after a strong earthquake shook the city, causing some...
Airbus Looks to Insurers to Fill Export Trade Funding Gap After Europe’s Freeze January 23, 2018 By Tim Hepher and Conor Humphries Airbus said on Monday it is working with private insurance firms and banks to help fill a two-year gap in...