August 1, 2018
Global insurer American International Group and private equity and financial services firm The Carlyle Group are forming a partnership to build a standalone provider of reinsurance, claims handling and run-off management services for long-dated, complex risks to the global insurance …
August 1, 2018
Dozens of people were injured when a packed Aeromexico-operated Embraer jet crashed right after takeoff in Mexico’s state of Durango on Tuesday, but authorities said most were not seriously hurt and there were no fatalities. The mid-sized jet was almost …
August 1, 2018
James Anderson has assumed the role of executive vice president and chief financial officer at CNA. He succeeds D. Craig Mense, who has been CFO since 2004 and who last April announced plans to retire at the end of the …
August 1, 2018
THB, the London-based specialist re/insurance broker and AmWINS subsidiary, announced the appointment of Ko Bertelkamp as operations director of THB Europe, effective immediately. Ko Bertelkamp is based in Amsterdam and reports to Ricardo Borges, managing director, THB Europe. The appointment …
August 1, 2018
The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging threats. Homeland Security Secretary Kirstjen Nielsen unveiled …
August 1, 2018
Uber Technologies Inc. is partnering with insurance company Chubb Ltd. to cover its South African drivers in case of death or injury as violent attacks plague the country’s cities. The new deal will pay out a lump sum to the …
August 1, 2018
Britain’s exports of financial services to the European Union hit a record high last year, highlighting the need for the City to preserve access to the bloc after Brexit, industry officials said on Tuesday. Exports rose 3.6 billion pounds ($4.73 …
August 1, 2018
Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to customers and their families who claimed that asbestos-contaminated talc caused ovarian cancer. …
August 1, 2018
A judge issued a temporary restraining order against the distribution of materials to make guns using 3-D printers. A group of states sued the Trump administration Monday in federal court in Seattle to block its legal settlement allowing a small …
August 1, 2018
After global insured natural catastrophe losses hit record highs in 2017, will reinsurers be able to withstand another year of active natural catastrophes? S&P Global Ratings indicates that while reinsurers are entering this year’s hurricane season with robust earnings and …