U.K. Financial Services Firms Pay Record Taxes with Future Prospects Clouded by Brexit January 7, 2020 By Huw Jones Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in...
BHSI Taps AIG’s Browne as Ireland Country Manager, Head of Casualty, U.K. & Europe January 7, 2020 Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Hilary Browne to the dual role of country manager for Ireland...
Brazil State Lender Caixa Gets Ready for IPO of Insurance Unit January 7, 2020 By Carolina Mandl and Tatiana Bautzer Brazilian state lender Caixa Economica Federal has chosen the bank syndicate that will manage the initial public offering (IPO) of...
Manulife Financial’s CEO Apologizes to Employees for Executives’ Spoof Rap Video January 7, 2020 By Doug Alexander Manulife Financial Corp. Chief Executive Officer Roy Gori apologized to employees for a spoof rap video that was part of...
Update: Australia’s Firefighters Take Advantage of Cooler Weather to Help Quell Wildfires January 7, 2020 By Jason Gale Firefighters are taking advantage of cooler weather to quell southeastern Australia’s wildfires that have killed at least 24 people and...
American Financial Group Decides to Exit Lloyd’s, Putting Neon into Run-off January 7, 2020 American Financial Group (AFG) disclosed it will exit the Lloyd’s of London insurance marketplace in 2020, which it joined in...
Tysers (a.k.a. Integro) Completes Acquisition of Specialist Lloyd’s Broker RFIB January 6, 2020 Integro Insurance Brokers Holdings Ltd., the parent of U.K.-based firm Integro Insurance Brokers Ltd., which trades under the Tysers brand,...
Pool Re Takes Steps to Make Terrorism Cover More Accessible to U.K. Businesses January 6, 2020 Pool Re, Britain’s leading terrorism reinsurer, announced it is taking steps to help reduce costs and improve the accessibility of...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 6, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Capsicum Re Launches Aviation Reinsurance Team, Led by Bell from AIG January 6, 2020 Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London...