Munich Re to Spend $1.1B by 2020 to Restructure Primary Insurance Unit June 1, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its...
Sompo Canopius Hires de Haldevang as Global Head of Specialty June 1, 2016 Sompo Canopius AG announced that Bernie de Haldevang is joining the group as global head of specialty. He will be...
EU Members Should Run Stress Tests for Banks’ Cyber Risks: EU Banking Chief June 1, 2016 By Matthew Miller Domestic authorities in European Union member states should stress-test their financial institutions for cyber risks, a top EU supervisor said,...
EU Guidelines Seek to Limit Crackdown on Uber, Airbnb June 1, 2016 By Eric Auchard and Julia Fioretti European Union governments should not ban services like home-rental site Airbnb or ride-hailing app Uber except as a last resort,...
Canada ‘Needs to Do More’ to Mitigate Climate Disasters Such as Wildfires, Flood June 1, 2016 The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog...
Aspen Appoints Global Leaders for Surety and Credit & Political Risk May 31, 2016 Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointments of Mike Toppi as global...
Sompo Launches Model to Evaluate Wind Farm Risks May 31, 2016 The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which...
Nexus Signs 3-Year Capacity Deal with XL Catlin to Write Financial Lines in Asia May 31, 2016 Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin...
Delta Lloyd to Sell 30.2% Stake in Wealth Manager Van Lanschot to Raise Capital May 31, 2016 By David de Jong and Ross Larsen Delta Lloyd NV started selling its entire 30.2 percent stake in wealth manager Van Lanschot NV as part of the...
China Likely to Adopt Cyber Rules for Insurers Despite Foreign Business Concerns May 31, 2016 By Michael Martina Controversial cyber security regulations for China’s insurance industry, now before the World Trade Organization (WTO), could soon take effect despite...