Trump, EU Agree to Trade Talks; Place Auto Tariffs on Hold July 26, 2018 By David Lawder and Steve Holland In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing...
India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources July 26, 2018 By Nidhi Verma India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company...
Qatar Re Ceases Writing Business from Singapore Branch Office July 26, 2018 Qatar Reinsurance Co. Ltd. has announced that, with effect from 20 July 2018, it has ceased writing new and renewal...
Global H1 Insured Natural Disaster Losses 40% Lower than 10-Year Average: Aon July 26, 2018 Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent...
Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day July 26, 2018 By John Glover The Bank of England is war-gaming with lenders and insurers for potential market turmoil on Brexit day. Sam Woods, the...
Reinsurer SCOR Reports 37% Drop in Q2 Net Profit on U.S. Tax Reform July 26, 2018 French reinsurer SCOR said its net profit in the second quarter of this year fell 37 percent to 96 million...
MGA Sciemus Rebranded as Occam Underwriting, New CEO Appointed July 26, 2018 Sciemus, a specialty managing general agency (MGA), is undertaking a series of changes starting with a new name, Occam Underwriting....
Brexit Is Greatest Structural Challenge Facing London Company Market: IUA Chairman July 26, 2018 Brexit is the greatest structural challenge facing the London company market, said the chairman of the International Underwriting Association, Malcolm...
Extreme Weather in Europe and Asia Sparks Wildfires, Floods July 26, 2018 By Jason Gale Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s...
Seeman Holtz Acquires Lakes Insurance Group of Florida July 26, 2018 Seeman Holtz Property & Casualty, Inc. has acquired Lakes Insurance Group, a South Florida agency specializing in commercial insurance serving...