Update: Hurricane Lorenzo Loses Power but Swells in Size as It Heads Toward Ireland October 2, 2019 By Brian K. Sullivan Hurricane Lorenzo, the largest storm ever to roam the Eastern Atlantic, is forecast to strike the heart of Ireland’s west...
Allianz Emerges as Frontrunner to Invest in Bancassurance Unit of Spanish Lender BBVA October 1, 2019 By Pamela Barbaglia, Alexander Hübner and Jesús Aguado German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources...
Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey October 1, 2019 By L.S. Howard Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a...
Typhoon Mitag Lashes Eastern China, Heads to South Korea October 1, 2019 After lashing parts of Taiwan and Japan’s southernmost Ryukyu Islands on Monday, Typhoon Mitag is passing eastern China today and...
MS Amlin Exits 9 Non-Core Classes of Business, with a New Focus on 3 Core Markets October 1, 2019 MS Amlin, the London-based re/insurer and subsidiary of MS&AD, announced a new underwriting strategy that focuses on three core, non-commodity...
AGCS Names Kang as Head of Reinsurance and Catastrophe Risk Management October 1, 2019 Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has appointed Hyeji Kang as global head...
Philippines Warns Hog Traders Who Ignore Quarantine Rules as Swine Fever Spreads October 1, 2019 The Philippines’ Department of Agriculture on Tuesday threatened legal action against hog traders ignoring strict animal quarantine rules as it...
Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’ September 30, 2019 By L.S. Howard Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build...
London Market’s Early Modernization Program, LM TOM, Is Being Wound Down September 30, 2019 The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been...
Switzerland’s Helvetia to Begin Underwriting Worldwide Aviation Insurance in October September 30, 2019 Helvetia Specialty Lines CH & International announced it will begin writing aviation insurance in October. Helvetia’s aviation team will offer...