As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...
AXIS Re Hires Hands from CNA Hardy as Head of Australia June 24, 2019 AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with...
UK’s Legal & General Is Divesting Exxon Shares Over Climate Change June 24, 2019 By Kelly Gilblom and William Mathis One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Investigation Uncovers Mystery of Quadriga’s Missing Cryptocurrencies Worth Millions June 21, 2019 By Doug Alexander It’s looking more and more like QuadrigaCX founder Gerald Cotten mismanaged the digital-asset exchange before he died, with cryptocurrencies from...
Oil Shippers Continue Sailing Through Strait of Hormuz – with Heightened Security June 21, 2019 By Aya Batrawy A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran...
Hamilton Re Sponsors Issuance of Its First Cat Bond June 21, 2019 Hamilton Re has sponsored issuance of its first catastrophe bond. The reinsurance platform of Bermuda-based holding company Hamilton Insurance Group...
Intel’s Mobileye Aims to Launch Trial of Self-Driving Cabs on Israeli Roads in 2020 June 21, 2019 By Gwen Ackerman Intel Corp.’s Mobileye NV unit expects to launch a trial of robo-cabs next year in Israel, the company told Bloomberg...
2 Ex-AIG Employees Win $10M in France, Ahead of Separate $100M Bonus Case in UK June 21, 2019 By Gaspard Sebag and Jonathan Browning Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant...
AIR Worldwide Releases Update of New Zealand Earthquake Model June 21, 2019 Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated earthquake model for New Zealand. This model...