Catastrophe Bond Issuance Down But Returns Up: Aon September 9, 2016 By Sonali Basak Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500...
Australia Airlines Ban Use of Samsung Galaxy Note 7 Phones After Battery Fires September 8, 2016 By Tom Westbrook Three Australian airlines have banned passengers from using or charging Samsung Electronics’ Galaxy Note 7 smartphones during flights due to...
Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry September 8, 2016 Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of...
Lloyd’s Wins Right to Keep Oklahoma Quake Damage Lawsuit in New York September 8, 2016 By Robert Burnson Lloyd’s of London has kept its lawsuit against New Dominion LLC over fracking out of the state where the ground...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best September 8, 2016 Europe’s top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from...
Barclays Says It Conducts ‘World’s First’ Blockchain-Based Trade Finance Deal September 8, 2016 By Jemima Kelly Barclays and an Israel-based start-up company have carried out what they say is the world’s first trade transaction using blockchain...
Chinese Firms Enter Private Health Insurance Market for Growth Opportunities September 8, 2016 Gaming firms, real-estate companies and drugmakers in China are chasing what they hope will be the country’s next hot commodity:...
UK’s BMS Launches Melbourne, Australia-based Affinity Broking Operation September 7, 2016 BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of a new affinity broking operation...
UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers September 7, 2016 By Svenja O'Donnell Chancellor of the Exchequer Philip Hammond will meet senior bankers in London on Wednesday to set out the government’s plans...
SCOR Targets 7% Annual Rise in Gross Premiums During Next 3 Years September 7, 2016 By Fabio Benedetti-Valentini SCOR SE, France’s largest reinsurer, expects gross premiums to rise as much as 7 percent annually over the next three...