Rio Olympics Will Proceed – Despite Zika Epidemic: Munich Re Underwriter May 23, 2016 By John Tozzi and Ira Boudway Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to...
AXA to Stop Investing in Tobacco, Divesting $2B of Assets in that Industry May 23, 2016 By Ross Larsen and Thomas Mulier AXA SA, France’s largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros...
StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub May 20, 2016 StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia....
Update: Debris Found from Crashed EgyptAir Plane May 20, 2016 By Deena Kamel Yousef and Tarek El-Tablawy Egyptian authorities said they found wreckage and belongings from the missing EgyptAir plane that vanished en route from Paris to...
Arch Insurance Europe Names Shulman as President & CEO May 20, 2016 Arch Insurance Europe announced that Matthew Shulman will be appointed president and chief executive officer, effective July 1, 2016. Shulman...
Update: Skuld to Acquire SMA/Gerling Norway and Its Hull & Machinery Book May 20, 2016 Skuld, the Oslo, Norway-based marine insurance provider, announced it has signed a letter of intent to purchase SMA/Gerling Norway. The...
Climate Records Keep Shattering with Hottest April in 12th Record-Setting Month May 20, 2016 By Tom Randall The number of climate records broken in the last few years is stunning. But here’s a new measure of misery:...
Update: Massive Search Continues for Wreckage from Missing EgyptAir Flight May 19, 2016 By Andrea Rothman and Deena Kamel Yousef The disappearance of an EgyptAir jetliner carrying 66 people over the Mediterranean Sea triggered a massive search for evidence amid...
UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist May 19, 2016 By Andrew MacAskill and Jim Finkle The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging...
Oaktree Capital & Egan Cut Ties After Failure to Raise Funds to Form a Reinsurer May 19, 2016 By Alex Barinka, Kiel Porter and Sonali Basak Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a...