Decline in Reinsurance Prices Slowed at January Renewal: Carpenter January 6, 2017 Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but...
QBE’s Pryce Appointed to Lloyd’s Franchise Board, Succeeding Furlonge January 6, 2017 Lloyd’s announced that Richard Pryce, CEO for QBE European Operations, has been appointed by the Council of Lloyd’s as a...
Korean VW Executive Sentenced to Jail for Role in Emissions Scandal January 6, 2017 A South Korean court on Friday sentenced an executive of Volkswagen’s local unit to one year and six months in...
Fairfax in Talks with OMERS to Help Finance $4.9B Allied World Takeover: Source January 6, 2017 By Katia Dmitrieva Prem Watsa’s Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System (OMERS) to see if...
H.W. Kaufman’s Cranbrook Underwriters Relocates London Office January 5, 2017 Cranbrook Underwriters, an H.W. Kaufman Financial Group company, announced the relocation of its London offices to One Minster Court, Mincing...
Hub Int’l Buys Canada’s Mainline Insurance Brokers & Affiliated Firms January 5, 2017 Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980)...
Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm January 5, 2017 By Jim Finkle and J.R. Wu The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July...
Collinson Group Names Munich Re’s Basu as Chief Underwriting Officer January 5, 2017 Collinson Group, the London-based provider of insurance and assistance solutions, has appointed Saugata Basu as chief underwriting officer. In his...
China Regulator Proposes Insurer Ownership Limits to Curb Risky Investments January 5, 2017 By Sumeet Chatterjee Proposed ownership limits at Chinese insurance companies could effectively stop conglomerates such as China Evergrande Group and Baoneng Group from...
Uber Drivers Are Employees, Not Freelancers, Says Swiss Insurance Agency January 5, 2017 An Uber driver is an employee for which the company must pay social security contributions, a Swiss insurance agency has...