Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC June 17, 2016 By L.S. Howard While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have...
Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks June 16, 2016 Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines...
BHSI Opens German Office, Fills Key Roles in Northern Europe June 16, 2016 Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has...
Investigators Find Main Wreckage Sites of Crashed EgyptAir Flight 804 June 16, 2016 By Deena Kamel Yousef Investigators found the main wreckage sites of EgyptAir Flight 804, which crashed last month over the Mediterranean Sea with 66...
PaCRe Exit Eased Tax Scrutiny on Offshore Reinsurers: Third Point Re CEO June 16, 2016 By Katherine Chiglinsky Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager...
AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs June 16, 2016 By Neil Callanan American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave...
Brexit Would Threaten UK’s Access to EU via Single Passport: Officials June 15, 2016 By Paul Taylor and Francesco Guarascio Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial...
Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best June 15, 2016 By L.S. Howard While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a...
Zurich Reorg Designed to Improve the Customer Experience: CEO Greco June 15, 2016 By Susanne Sclafane The structural changes announced by Zurich Insurance Group late last week are intended to organize the company “around the customer”...
Tokio Marine Covers Geothermal Power Firms from Hot Springs Risk June 15, 2016 By Chisaki Watanabe Tokio Marine & Nichido Fire Insurance Co. has begun offering a type of insurance intended to ease the concern of...