International & Reinsurance News

5 Suspected Terrorists Shot Dead by Police After Barcelona’s Deadly Attack

Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas avenue. One Catalan police …

Update: Vehicle Plows into Barcelona Pedestrians with 13 Dead, 50 Injured

A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European cities. Catalonia’s regional government said 50 people …

NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M

The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based group, which was …

Swiss Re Corporate Solutions Forms Global Contingency & Sports PA Team

Swiss Re Corporate Solutions has created a global Contingency and Sports Personal Accident (PA) team and appointed Jonathan Cole as head Contingency and Sports PA, effective immediately. Cole will be responsible for expanding these lines of business across the four …

China’s Ping An Reports Biggest Half-Yearly Profit in Decade

Ping An Insurance Group Co of China , the country’s second-largest insurer by market value, on Thursday reported its biggest half-yearly profit in at least a decade on robust growth in life insurance premiums. The strength in Ping An’s life …

Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources

Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile platform for health-care companies, insurers, doctors and …

4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch

The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market conditions, according to Fitch Ratings. Fitch …

Greenlight Capital Re Names Belfatti to New Role of Chief Operating Officer

Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, announced it has hired Michael Belfatti to the newly created position of chief operating officer, effective immediately. Belfatti’s responsibilities as COO will include oversight of the company’s pricing, …

Key to Good Leadership: Honest Self-Appraisal – Part 2, Catlin Interview

Second of Two Articles Good leadership is essential if the industry is going to successfully navigate the challenges ahead, Stephen Catlin told Insurance Journal during a recent interview, as he looked back at lessons he’s learned during his 40-year journey …

Global Insurance Renewal Rates Fall for 17th Quarter in Q2 2017: Marsh

Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …

International & Reinsurance News Archives by Month