Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where appropriate. Volante is a UK-headquartered global MGA which will underwrite specialist portfolios …
Uber Technologies Inc. suffered a defeat when the European Union’s top court ruled its ride-hailing service should be regulated as a transport company, a decision that could set a precedent for the burgeoning gig economy. The EU Court of Justice …
Swiss Re AG estimates that global insured losses from catastrophes in 2017 will hit $136 billion, the third-highest on record for the sector, with the United States hardest hit, it said on Wednesday. Total economic losses from natural and man-made …
U.S. insurer Travelers Cos. Inc. said on Tuesday its European arm will create a subsidiary in Dublin in response to Britain’s vote to leave the European Union. The company said it would apply for authorisation of a new, wholly owned …
Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record …
Berkshire Hathaway Specialty Insurance Co. (BHSI) has appointed Jared McGrath to head its new line of Accident & Health products in New Zealand. The product line includes Corporate Travel, Group Personal Accident and Expatriate Medical Insurance. McGrath joins comes to …
Japan’s Mitsubishi Materials Corp. said it has found more cases of products shipped with possible falsified specifications as it investigates a widening data-fabrication scandal that has affected more than 300 of its customers. The revelation is among the latest in …
British employers plan to hire more workers and raise pay more quickly in 2018, but they also fear that Brexit will make the country a less attractive place to do business, a survey showed on Tuesday. Fifty-one percent of employers …
China plans to roll out nationwide by 2020 a system that forces polluters to repair damage to the environment or pay compensation, the official Xinhua news agency reported late on Sunday. The move, which extends a scheme already piloted in …
A debate in Europe over whether ride-hailing app Uber is merely a digital company or one providing transport services will be decided when the top European Union court hands down its verdict on Wednesday in a highly anticipated case. While …
