January 30, 2018
Britain’s economy will be worse off after Brexit whether it leaves the EU with a free trade deal, with single market access, or with no deal at all, according to a government analysis leaked to BuzzFeed News. The “EU Exit …
January 30, 2018
Bermuda-based Sompo International announced that Paul Ashworth has joined the company’s London Market Insurance platform as head of Marine Insurance, managing a diverse portfolio, including hull & liability and cargo & specie marine classes. Ashworth has built and managed marine …
January 30, 2018
The London market’s electronic placing platform was used to close the Aon Client Treaty facility for 2018, marking a milestone in the platform’s evolution. This is probably the largest and most complex transaction in the Lloyd’s market, said the board …
January 30, 2018
Traditional aviation insurance policies are unlikely to address all elements of emerging risks from the rapidly increasing use of drones, according to a report from the International Underwriting Association (IUA). As a result, general liability underwriters will have an important …
January 30, 2018
China’s government, which has been probing alleged financial wrongdoing at Anbang Insurance Group Co., is seeking to broker the sale of a stake in the insurer, people with knowledge of the matter said. Central Huijin Investment Ltd., a unit of …
January 30, 2018
Starr Companies has launched its new product, Enviro-Wrap insurance, in Canada. The coverage provides wrap-up liability and contractor’s pollution liability for construction project specific placements, covering either the owner or the contractor. The modular occurrence-based policy is designed to eliminate …
January 29, 2018
Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for financial institutions and commercial entities across Latin America and the Caribbean. Capital …
January 29, 2018
Taiwanese state-owned energy company CPC said diesel production would be hit at its refinery in the northwestern city of Taoyuan after an explosion at the site on Monday morning, but added that there were no reports of injury. The accident, …
January 29, 2018
The insurance linked securities (ILS) sector is set for another year of growth as the market recovers from 2017’s natural disasters, replaces lost capital and investors show mounting interest in ILS products. These are the findings of the latest quarterly …
January 29, 2018
Chubb announced the launch of a new Agency Management and Underwriting unit in Singapore. This dedicated unit will manage the strategic growth of the agency distribution channel as well as its specific underwriting and service needs. Two new appointments have …