AXIS Capital Estimates Q3 Catastrophe Losses of Up to $175 Million October 14, 2019 AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in...
Update: Typhoon Hagibis Rips Across Japan, Causing Flooding, Killing at Least 43 October 12, 2019 By Chikafumi Hodo and Shiho Takezawa Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake...
Bonaccorso to Retire as PartnerRe’s CFO, Succeeded by Burnet from Zurich Insurance October 11, 2019 PartnerRe Ltd. announced that Mario Bonaccorso, executive vice president and chief financial officer, will retire from the company on March...
Iranian Oil Tanker Struck, Probably by Missiles: Iran Media October 11, 2019 By Parisa Hafezi and Sylvia Westall An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia’s coast on Friday, Iranian...
Global Safety Regulators Fault U.S., ‘Undue Pressure’ from Boeing for 737 Max Approval October 11, 2019 By Alan Levin U.S. aviation regulators assessing Boeing Co.’s 737 Max sometimes didn’t follow their own rules, used out-of-date procedures and lacked the...
Largest African Insurer Sanlam Plans to Continue Growth via M&A October 11, 2019 By Roxanne Henderson Africa’s largest insurer is getting breathing room to build on its biggest-ever acquisition and expand existing operations as rivals scale...
Beazley Appoints Turk to Lead Corporate Development as Goodman Retires October 11, 2019 Beazley has appointed Rachel Turk as head of corporate development, effective immediately, following the retirement of Mark Goodman. Turk joined...
Mediobanca Pressed to Grow via M&A and Rely Less on Its Prized Asset, Generali October 11, 2019 Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning...
No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers October 11, 2019 By Thomas Pfeiffer and Thomas Seal If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct....
London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B) October 10, 2019 Gross written premiums written by the London company market have increased by 8.1% to £28.437 billion ($34.7 billion) in 2018,...