Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU February 10, 2017 By Huw Jones Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed...
Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re February 10, 2017 Insured loss estimates from major natural catastrophes totaled US$39.5 billion during 2016, which is the highest level since 2012 when...
Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai February 10, 2017 Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities...
Facebook Co-Founder Leads Financing for Online Health Insurance Startup February 10, 2017 By Yoolim Lee Facebook Inc. co-founder Eduardo Saverin’s B Capital Group has led a new financing round for a Singapore-based online health insurance...
RSA Global Risk Solutions Launches New Structure to Enhance Client Focus February 10, 2017 RSA has introduced a new Global Risk Solutions (GRS) operating model aimed at delivering brokers and customers improved access to...
Prem Watsa’s Fairfax to Pay $144M for New Zealand-Based Insurer February 10, 2017 Fairfax Financial Holdings Ltd. will pay $144 million for New Zealand insurer Tower Ltd., giving it an instant, significant presence...
Zenefits’ New CEO Announces 430 Layoffs in First Week on Job February 10, 2017 By Heather Somerville Zenefits is laying off nearly half its staff as the software startup grapples with the fallout of insurance violations that...
Health Insurers Weigh Next Moves After Striking Out on Mergers February 10, 2017 By Andrew Harris, David McLaughlin and Zachary Tracer After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry...
Metro Train Hits Miami Workers, Kills 1 February 10, 2017 Authorities say a metro train crashed into a boom lift in downtown Miami, killing a 43-year-old construction worker and injuring...
Update: Blackstone to Buy Aon’s Benefits Outsourcing Unit February 9, 2017 By Greg Roumeliotis and Lauren Hirsch Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm...