The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main beneficiaries are likely to be the financially strongest reinsurers …
Specialist insurer Hiscox said it is addressing new exposures faced by the media and creative industries with the launch of two tailor-made professional indemnity products focused on those working within digital marketing and event organizations. The insurer has also further …
Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine’s …
Following the completion of its acquisition of Bluefin earlier this year, Marsh announced that it had appointed a new management team for its combined Jelf and Bluefin business. Led by Phil Barton as CEO, the new management team is drawn …
Markel International, the London-based specialist insurer and subsidiary of Markel Corp., will enter the surety market in March this year, following the appointment of two senior underwriters with over 30 years’ combined experience in the surety and trade credit industries. …
Wholesale Trading Insurance Services LLC in San Francisco, Calif. has named Chris Kiley managing director and property broker. Kiley has more than 20 years of property broking and underwriting with expertise in real estate and specialty property. Kiley joins WTIS …
A Brazilian judge ruled that a driver using the Uber ride-hailing app is an employee of the San Francisco-based company and is entitled to workers’ benefits, adding to the global debate over labor rights for drivers on the platform. Uber …
A federal judge in Alabama is refusing to dismiss an environmental group’s lawsuit over alleged chemical contamination in the Tennessee River. The Decatur Daily reports U.S. District Judge Abdul Kallon won’t throw out claims in a lawsuit filed by the …
Another U.S. health insurer is threatening to drop out of Obamacare after posting massive financial losses related to the program, just hours after an insurance CEO said the law’s markets were entering a “death spiral.” Molina Healthcare Inc., one of …
A Kentucky museum says a prized Corvette still covered in dirt and debris from its 2014 fall into a sinkhole has been moved from display to undergo repairs. The National Corvette Museum in Bowling Green says restoration work on the …
