British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else January 8, 2020 Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and...
Insurance Industry Calls for Action to Mitigate Climate Risk as Australia Bushfires Widen January 8, 2020 By Emily Cadman As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of...
BGC Insurance’s Aerospace Broker Rebrands as ‘Piiq Risk’ with Spate of Key Hires January 7, 2020 By L.S. Howard BGC Insurance Group (BGCI), a global broker and division of BGC Partners Inc., announced it has rebranded its global aerospace...
Tokio Marine to Pay US$374M for Insurance Joint Venture with Brazil’s Caixa Bank January 7, 2020 Tokio Marine Holdings Inc. announced it will pay 1.52 billion reais (US$374 million) to form a joint venture to sell...
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...