Shipping Losses Fall to Lowest in 10 Years as Technology Drives Safety June 13, 2017 Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of...
Peak Re Wins Approval to Write Reinsurance in Malaysia June 13, 2017 Peak Reinsurance Co. Ltd., a Hong Kong-based reinsurer, has been granted the approval-in-principle by the Labuan Financial Services Authority to...
Protectionism, Cloud Accumulation, Water Stress Among 20 Emerging Risks Facing Insurance Industry: Swiss Re June 13, 2017 Reduced market access, regulatory fragmentation, the return of inflation and cloud risk accumulation pose the largest challenges with the highest...
AIG Defends Layoff of London Employee Alleging Pregnancy Discrimination June 13, 2017 By Patrick Gower American International Group Inc. said it was not “unwelcoming to working mothers” as the insurer fought a discrimination lawsuit filed...
Lloyd’s Urges Insurer Investment in Natural Habitats for Flood Protection June 13, 2017 Natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls,...
XL Catlin’s O’Malley Moves to StarStone to Lead Cargo Unit in London June 13, 2017 Global specialty insurer StarStone has appointed Rod O’Malley as of head of cargo in London. O’Malley is joining StarStone in...
Chubb Boosts Capacity for Terrorism, Political Violence, War Insurance June 12, 2017 Chubb said it is now offering increased insurance capacity of up to US$150m/ €150m (previously US$100m/ €100m) for terrorism, political...
Matthews Joins Markel International Trade Credit Team in Singapore June 12, 2017 Markel International, a specialist insurer, has appointed Dillon Matthews as trade credit underwriter and senior risk analyst in Singapore, in...
Compre Acquires Ireland-Based Captive Equinox CA Europe June 12, 2017 Specialist insurer Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin,...
Lloyd’s Coverholder, Arma Underwriting, Launches in Dubai with MENA Focus June 12, 2017 Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full...