International & Reinsurance News

Magnitude-6.0 Quake Hits Taiwan; at Least 6 People Killed, More Than 200 Injured

Hundreds of rescuers are searching for people still missing after a magnitude-6.0 earthquake struck the east coast of Taiwan late Tuesday, killing at least six people and injuring more than 200 others. The Central Emergency Operation Center said 76 people …

UK Businesses Issue ‘Urgent Appeal’ for More Clarity on Brexit Blueprint

UK Plc issued an “urgent appeal” to Prime Minister Theresa May to get off the fence on Brexit or risk serious damage to business. The British Chambers of Commerce warned in an open letter that there is “no room for …

India Flags Low Health Insurance Penetration as Damper to Growth

India’s push toward universal health care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan last week to provide health insurance to 100 million poor families, which would cover about 40 …

China’s ‘Biggest Fiscal Risk Is Pension Risk’ from Aging Population

China’s pension shortfall is emerging as the next big challenge for policy makers as they intensify their years-long campaign to keep rising debt from derailing the economy. Aging in the world’s most populous country means pension contributions by workers no …

Siccardi Appointed Chief Operating Officer of Aon Benfield UK

Leonora Siccardi has been appointed chief operating officer of Aon Benfield UK, reporting to Nick Frankland, UK CEO of Aon Benfield, and Maggie Westdale, CFO of Aon Benfield. Siccardi will oversee the strategy, leadership, development and execution of policy and …

Brexit Transitional Deal Needed by End of March, Says FCA’s Bailey

The head of the U.K. Financial Conduct Authority added urgency to Brexit negotiations by saying European governments must reach a transitional agreement for financial services by the end of March to avoid the risks presented by EU departure. Financial contracts …

Technology Partnerships Key to Insurance Industry’s Exit from `Stone Age:’ Aviva CEO

The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer. His company, the U.K.’s second-largest insurer, is working with Tesla on how to insure driverless …

AIR Worldwide Names Liberty Mutual’s Grenier to Head Global Resilience Practice

Catastrophe modeling firm AIR Worldwide (AIR) has appointed Dr. Roger Grenier as senior vice president of global resilience to lead AIR’s resilience initiatives across the globe. Grenier has 20 years of experience working with global risk models. He began his …

UK Finance, Insurance Industries Set Export Record

U.K. exports of financial and related professional services grew to a record in 2016 as all regions surged. Exports rose 15.8 percent to 95.7 billion pounds ($136 billion), according new data compiled by TheCityUK with the Office for National Statistics. …

Why Workplace Sexual Harassment Is Under-Reported: SHRM Survey

Sexual harassment in the workplace is under-reported by employees partly because some employees are unaware that their employers have anti-harassment policies or that there are ways to report without bringing harm to themselves, according to a survey of human resource …

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