London Insurance Market Prepares to Hold Catastrophe Response Test October 5, 2016 The London insurance market plans to test its response this month to a major catastrophe on the scale of the...
British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’ October 5, 2016 By Andrew MacAskill Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that...
Japan’s SOMPO to Acquire Endurance for $6.3 Billion October 5, 2016 Japan’s SOMPO Holdings Inc. has agreed to acquire all of the outstanding ordinary shares of Bermuda’s Endurance Specialty Holdings Ltd....
Singapore Approves Qatar Re Branch Licence October 4, 2016 Qatar Re said that the Monetary Authority of Singapore has granted the company a licence to operate a branch office...
Wimbridge Joins Markel as Yacht Underwriter from Brit Global October 4, 2016 Specialty insurer Markel International in London has appointed Mike Wimbridge as senior yacht underwriter to its marine, energy and property...
Hurricane Matthews Pounds Haiti, Cuba; 1 Death Reported October 4, 2016 By Makini Brice The fiercest Caribbean storm in almost a decade ripped into Haiti’s southwestern peninsula early on Tuesday, packing 145 mile-per-hour (230...
China Insurance Market Ripe for Digital Disruption: Viewpoint October 4, 2016 By Nisha Gopalan China’s tech giants — Baidu, Alibaba and Tencent — increasingly have a finger in every part of the economy. So...
What Drivers Need in Order to Avoid Crash If Autonomous Systems Fail October 4, 2016 By Madeline Kennedy People operating self-driving cars need at least six seconds and some cues from the vehicle to “get back in the...
AXA CEO: Rumored Generali Takeover ‘Makes No Sense At All’ October 4, 2016 French insurer AXA has no plans to merge with large rivals, its chief executive told a German newspaper, responding to...
AIG Exiting Home, Personal Accident, Group Life In Brazil; Porto Seguro to Get Auto Policies October 4, 2016 By Sonali Basak and Katherine Chiglinsky American International Group Inc.’s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro...