Tesla Faces Lawsuit Over Crash in China September 15, 2016 By Craig Trudell Tesla Motors Inc. said it has no way of knowing whether its Autopilot system was involved in a crash in...
Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says September 15, 2016 By Carolyn Cohn The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday,...
To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman September 15, 2016 By Oliver Suess and Jan-Henrik Foerster Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to...
Re/Insurers May Be Entering Reserving ‘Danger Phase’: JLT Re Execs September 14, 2016 By L.S. Howard Re/insurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss...
Towergate Creates London Underwriting Unit; Leathem Named Director September 14, 2016 Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting....
Big Reinsurers Pin Profit Hopes on Tailoring Coverages to Specific Risks September 14, 2016 By Oliver Suess and Jan-Henrik Foerster In a world of increasing automation and standardization, Europe’s big reinsurers are betting that a more personal touch can reverse...
Argentina Looks to Lower Workplace Injury Costs September 14, 2016 By Charlie Devereux Argentina is preparing a new workplace injury law as it seeks to reduce costs for companies, some of which spend...
Aon: Global Reinsurer Capital Hits Record $585B September 13, 2016 Total global reinsurer capital, which comprises capital both from the traditional and alternative markets, rose by four percent to a...
UK Auto Insurer Esure to Spin Off Gocompare.com Unit September 13, 2016 By Sarah Jones Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge...
Cat-Insurance Data Provider PERILS Expands Into Australia September 13, 2016 PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now...