Pool Re Completes £2.3B ($3.1B) Terrorism Retrocession Placement March 1, 2019 Pool Re, Britain’s state-backed terrorism reinsurer, has today completed placement of its £2.3 billion (US$3.1 billion) retrocession program with more...
Irish Drivers Will Need Special Insurance to Enter Northern Ireland After Hard Brexit March 1, 2019 Irish drivers have been warned they will need a special insurance document to cross the currently invisible border to Northern...
Allianz Offers Reputational Protection in UK to Replace Lost Profits in a Crisis March 1, 2019 Allianz Global Corporate & Specialty (AGCS) has launched Reputation Protect Plus in the UK to help companies protect their reputations...
UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit March 1, 2019 By Huw Jones British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European...
AIG Sells Entire Stake in China’s PICC Group at a Discount February 28, 2019 By Crystal Tse American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its...
HDI Global Specialty Acquires Neon Underwriting’s Bloodstock Team February 28, 2019 HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by...
R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis February 28, 2019 Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a...
U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion February 28, 2019 By Jeremy Kahn Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how...
Brazil Senate Passes Dam Safety Bill After Vale Disaster; Insurance Provision Eyed February 28, 2019 By Jake Spring Brazilian Senate committees on Wednesday passed a bill to tighten dam safety in the country, after a mining dam owned...
UK Financial Markets at Risk of Disruption with Hard Brexit: Regulator February 28, 2019 By Huw Jones Financial markets are still at risk of disruption if there is a no-deal Brexit, Britain’s Financial Conduct Authority said on...