Japan Quakes to Cost Insurance Industry $2B-$3B Annually: Karen Clark & Co. August 30, 2019 For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a...
World’s Safest Cities: Washington Rises, Hong Kong Falls August 30, 2019 There’s a new surprise member of the world’s safest cities club. Washington, D.C. has entered the top 10 in the...
New Specialty Broker McGill & Partners Forms U.S. Subsidiary August 29, 2019 By L.S. Howard The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate,...
Liberty Specialty Markets Taps Brodu from AIG as Head of Financial Lines, France August 29, 2019 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the appointment of Antoine Brodu as head of Financial...
European Insurers Are Having a Rough Time This August – Here’s Why… August 29, 2019 By Jan-Patrick Barnert European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings...
Study of European Flood Trends Finds North-South Climate Variances August 29, 2019 By Eric Roston European river flooding has grown more intense in northwestern Europe and decreased in the south over the last half century,...
Waste from Chinese-Owned Nickel Plant Spills into Papua New Guinea Bay August 29, 2019 By Melanie Burton and Tom Daly Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk...
U.K. Prime Minister Rolls the Dice on City of London’s Future: Opinion August 29, 2019 By Elisa Martinuzzi Not long after Britain voted to leave the European Union, the City of London’s chiefs grudgingly began hammering out plans...
New Swedbank CEO, Hired from Folksam, Criticized for Ties to Scandal-Hit Bank August 29, 2019 By Veronica Ek, Hanna Hoikkala and Niklas Magnusson Sweden’s biggest shareholder group has criticized Swedbank AB’s choice of chief executive officer, arguing the board opted for an insider...
U.K. Prime Minister Johnson Forces Brexit Showdown August 29, 2019 By Robert Hutton British Prime Minister Boris Johnson’s move to suspend parliament and come good on his promise to avoid any more delays...