Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events and paring business, as a nation in mourning prepares to bid farewell to Britain’s longest-serving monarch. Post-summer parties have been …
Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance protection is high, competitive pressures are easing, and pricing power …
The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost …
This edition of International People Moves details appointments at Everest Reinsurance and BMS Re. A summary of these new hires follows here. Everest Re Taps Nationwide’s Rudow as Global Head of Cyber Reinsurance Everest Reinsurance, the reinsurance division of Everest …
Lockton Re, the global reinsurance business of independent insurance broker Lockton, has formed Lockton Re Capital Markets (LRCM), designed to serve clients by accessing broader pools of capital, thereby providing complementary solutions to existing client offerings. “This investment underscores our …
MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s commitment to building a leading, globally diversified reinsurer. The company said that MS Reinsurance clients will continue to benefit from …
MILTON KEYNES, England — Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers …
Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr. Tina Thomson as global head of Research, the GRC is …
Asia’s largest container shipping hub may face another major storm as Typhoon Muifa bears down on Shanghai and nearby Ningbo. The US Joint Typhoon Warning Center projects the typhoon’s path will hit the ports on China’s east coast Wednesday. The …
Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze on the cost of living that’s likely to define her premiership. Truss’s plan would cap the average cost of …
