Capital Rules Eased for UK Banks, Insurers in Wake of Brexit Vote July 5, 2016 By Scott Hamilton, Jill Ward and Paul Gordon Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s shock decision to leave...
India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place July 5, 2016 By Nidhi Verma Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo...
A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000 July 5, 2016 A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel...
UK Broker Network Compass Completes Management Buyout from Gallagher July 5, 2016 UK broker network Compass has completed a management buyout from Arthur J. Gallagher, for an undisclosed sum. The deal sees...
Swiss Re Corporate Solutions Names Brohm as CEO Latin America July 5, 2016 Swiss Re Corporate Solutions appoints Axel Brohm, an experienced Swiss Re executive, as CEO Latin America. Brohm will assume this...
Emerging Markets’ Claims Expected to Hit Coface’s 2016 Profit July 5, 2016 By Fabio Benedetti-Valentini Coface SA, a French export-credit insurer, warned Monday that higher-than-expected claims by companies trading with emerging markets may cut its...
Brennan to Lead Zurich’s UK General Insurance Unit, Succeeding Sharma July 1, 2016 Zurich announced that Conor Brennan has been appointed head of its UK General Insurance business, and will take up this...
Bermuda Market Associations Allay Fears of Brexit Contagion July 1, 2016 Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the...
BHP to Fight $6B Civil Claim over Brazil Mining Disaster July 1, 2016 BHP Billiton on Friday said it would appeal against the decision by a Brazilian court to reinstate a $6 billion...
London Re/Insurance Market Will Weather Brexit Storm: Execs July 1, 2016 By L.S. Howard Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on...