Uber said on Tuesday that paying National Insurance contributions for its British drivers would add tens of millions of pounds to the taxi app’s costs were they to be deemed employees. Uber currently classifies its around 50,000 drivers in Britain …
Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.t Below are statements from insurers and reinsurers in the …
Capsicum Re, the London-based specialist reinsurance broker, announced the appointment of Conrad Williams as the latest addition to its cyber team. He will report to Ian Newman and Samantha Thompson, partners in Capsicum Re’s London property and specialty division, and …
Pen Underwriting, the UK managing general agent, has announced a new long-term capacity deal with Zurich in the specialist area of hazardous and tanker transportation, building on a successful partnership that extends back more than 30 years. The agreement will …
Lloyd’s of London wants to infuse artificial intelligence (AI) technology into the daily business it does with its customers. The world’s largest insurance market signed a global deal with Expert System that will bring on cognitive automation, via the company’s …
Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on Saturday. “We’re on track,” …
Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare di Vicenza SpA, one of two failed …
The third quarter of 2017 is likely to break a new record as one of the costliest quarters for natural catastrophes, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. “The month of September was exceptionally busy and marked …
Argo Group International Holdings Ltd., the Bermuda-based specialty insurance and reinsurance company, has announced the appointment of Steve Eccles to serve as the chief underwriting officer for its international business, subject to regulatory approval. Eccles will begin in this role …
Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined catastrophe losses of approximately $475 million (pre-tax, net of retrocession and …
