Spanish Insurer MAPFRE Teams with China Re on Belt & Road Initiative Cover July 9, 2019 Spanish insurer MAPFRE said it has signed a memorandum of understanding with China Re to insure infrastructure within the belt...
Berkshire Hathaway’s Leeks Joins Everest Insurance as Lloyd’s Syndicate Underwriter July 9, 2019 Everest Insurance International announced the addition of Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/...
15 Families of Victims of Ethiopian Airlines Crash Reject Boeing’s Cash Offer July 9, 2019 By Tom Odula Fifteen Kenyan families of people killed in a plane crash in Ethiopia in March have rejected a proposal by Boeing...
Insurance Helps Online Grocer Ocado Rebuild After Devastating Warehouse Fire July 9, 2019 By Andrea Felsted Ocado Group Plc is fond of making excuses for disappointing grocery sales growth. In the past, it has blamed everything...
Oil Tankers Steer Clear of Middle East Refueling Hub As Attacks, Insurance Costs Rise July 9, 2019 By Anthony DiPaola Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks...
EU Judges Face Another Major Facebook Privacy Case from Activist Schrems July 9, 2019 By Stephanie Bodoni Five years ago, when activist Max Schrems took Facebook Inc. to the European Union’s top court no one knew what...
Pool Re Buys Non-Damage BI Retro Cover in Program Led by Liberty Specialty July 8, 2019 Pool Re, Britain’s terrorism reinsurer, announced the placement of its new retrocession program covering non-damage business interruption (NDBI) losses. The...
Brokerslink Bolsters Presence in Asia with Addition of 3 New Affiliates July 8, 2019 Global broking business Brokerslink has bolstered its presence in Asia with the addition of three new affiliates in the region....
British Airways Faces Record $230M Fine for Data Breach Under New GDPR Rules July 8, 2019 By Paul Sandle British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its...
European E-Scooter Startup Dott Raises $34M with Plans to Offer Insurance July 8, 2019 European startup Dott has secured 30 million euros ($34 million) in a fundraising led by existing investors EQT and South...