Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU February 10, 2017 By Huw Jones Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed...
Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re February 10, 2017 Insured loss estimates from major natural catastrophes totaled US$39.5 billion during 2016, which is the highest level since 2012 when...
Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai February 10, 2017 Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities...
Facebook Co-Founder Leads Financing for Online Health Insurance Startup February 10, 2017 By Yoolim Lee Facebook Inc. co-founder Eduardo Saverin’s B Capital Group has led a new financing round for a Singapore-based online health insurance...
RSA Global Risk Solutions Launches New Structure to Enhance Client Focus February 10, 2017 RSA has introduced a new Global Risk Solutions (GRS) operating model aimed at delivering brokers and customers improved access to...
Prem Watsa’s Fairfax to Pay $144M for New Zealand-Based Insurer February 10, 2017 Fairfax Financial Holdings Ltd. will pay $144 million for New Zealand insurer Tower Ltd., giving it an instant, significant presence...
Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit February 9, 2017 By Greg Roumeliotis and Lauren Hirsch Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm...
Severe U.S. Weather During January Cost Insurers More Than $1B: Aon February 9, 2017 Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as...
UK Moves Closer to Triggering EU Exit Talks – with Bumpy Road Ahead February 9, 2017 By Tim Ross Theresa May’s latest Brexit victory should leave her happy — but might ultimately come at a price. Late on Wednesday,...
Gallagher Launches Manufacturers’ Cyber Solution to Close Coverage Gaps February 9, 2017 Arthur J. Gallagher announced it has responded to the “perfect storm” facing manufacturers – a rising risk of cyber attacks,...