Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re March 22, 2016 By L.S. Howard The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power...
Arthur J. Gallagher to Buy Kane Group’s Insurance Management Operations March 22, 2016 Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced it has reached an agreement with Kane Group to acquire its insurance...
Mauritius-Based Reinsurance Solutions Launches London Subsidiary March 22, 2016 Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd. Reinsurance Solutions is a Mauritius-based reinsurance...
Update: Explosions Rip Through Brussels Airport & Subway; Death Toll Rises March 22, 2016 By James G. Neuger and Jonathan Stearns Belgium was on the highest terror-alert level after three bombings in Brussels on Tuesday killed at least 31, injured more...
Shipping Industry Had Safest Year in a Decade in 2015: Allianz Report March 22, 2016 The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global...
Chubb Names Claims Management Team in Europe March 22, 2016 Chubb announced a number of appointments within its claims management team in Europe, with immediate effect. All the following positions...
PartnerRe’s $6.9B Sale to EXOR Completed; Fitch Issues Downgrade March 21, 2016 PrtnerRe’s new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with...
‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study March 21, 2016 By Eddie Buckle Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs...
FlyDubai CEO Defends Decision to Land Plane in Bad Weather Before Fatal Crash March 21, 2016 By Deena Kamel Yousef and Henry Meyer FlyDubai’s top executive said conditions for landing were appropriate when one of its flights crashed at a windy airport in...
Update: AXA’s Chairman & CEO De Castries to Retire Early; Buberl Named CEO March 21, 2016 By Fabio Benedetti-Valentini and David Whitehouse AXA SA Chairman and Chief Executive Officer Henri de Castries is leaving earlier than expected, handing over the post of...