November 29, 2017
The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year Lloyd’s estimated a total commitment of US$4.8 billion for the three storms. Lloyd’s brokers are receiving money from …
November 29, 2017
A Chinese startup has developed a flying car that it plans to roll out as soon as next year. EHang Inc.’s E-184 drone can carry one passenger in its small cockpit, but the firm says it’s working on a model …
November 29, 2017
Paytm Payments Bank aims to create the world’s largest digital bank with 500 million accounts, envisioning an online financial services provider of everything from wealth management to credit cards and stock market trading. The bank, backed by [India’s] largest digital …
November 29, 2017
Markel International, the specialist insurer, has completed its acquisition of EC Insurance Co. Ltd. (ECIC), having received approval from the Prudential Regulation Authority. Sevenoaks, England-based ECIC provides a wide range of insurance products for contractors and affinity groups across the …
November 29, 2017
Starr Cos. has launched an Accident & Health Division, based in Toronto, Canada. A&H coverages provided include business travel accident; group basic and voluntary accidental death & dismemberment; critical illness; and emergency out-of-province medical. “Starr continues to expand its capabilities …
November 28, 2017
Guy Carpenter Chairman Britt Newhouse is retiring at the end of 2017, a company spokesperson has confirmed. Newhouse has been chairman of the reinsurance broker/strategic advisory firm as part of leadership changes at the unit in 2008. Newhouse joined Guy …
November 28, 2017
British banks may have unanimously passed Bank of England stress tests, but that clean bill of health came with concern about a messy Brexit, courtesy of Governor Mark Carney. The central bank told lenders to add another 6 billion pounds …
November 28, 2017
Marsh announced that its combined Jelf and Bluefin business in the UK will, from early 2018, begin rebranding as Jelf. With almost 3,000 colleagues serving over 250,000 clients from 80 locations, the new Jelf will be one of the UK’s …
November 28, 2017
Gallagher announced the appointment of James Anderson as group managing director of Rossborough Insurance – its personal and commercial lines broking business based in the Channel Islands and Isle of Man – subject to regulatory approval. Anderson succeeds Clive de …
November 28, 2017
Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The new cover will be available in April 2018. The …