‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market February 11, 2016 By L.S. Howard A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market...
Marsh Appoints Lobban as Senior Adviser on Cyber Risk February 11, 2016 Marsh has announced the appointment of Sir Iain Lobban as senior adviser on cyber risk. Lobban is the former director...
Mapfre Posts 32% Drop in Q4 Net Profit to $132 Million February 11, 2016 By Macarena Munoz Mapfre SA, Spain’s largest insurer, cut its annual dividend and posted a 32 percent drop in quarterly net profit as...
Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed February 11, 2016 By Carolyn Cohn and Jonathan Saul The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects...
Update: Zurich Reports 4Q Loss of $424M, vs. Profit of $860M in Q4 2014 February 11, 2016 By Jan-Henrik Förster Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around...
January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting February 10, 2016 January winter weather cost more than $4.0 billion of economic impact in the United States and Asia, according to Impact...
Top Generali Investors Making Their Influence Felt in Hunt for New CEO February 10, 2016 By Gianluca Semeraro, Pamela Barbaglia and Stephen Jewkes French corporate raider Vincent Bollore is making his influence felt in corporate Italy by defying the country’s old guard in...
London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform February 10, 2016 Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via...
Self-Driving Vehicles Meet Their Match When Snow Creates Sensor Blindness February 10, 2016 In Jokkmokk, a tiny hamlet just north of the Arctic Circle in Sweden, where temperatures can dip to 50 below,...
North Korean Shipping Company Evades UN Sanctions, Obtains Marine Insurance February 10, 2016 By Louis Charbonneau and Michelle Nichols A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other...