Bruce Carnegie-Brown formally has officially assumed his position as chairman of Lloyd’s, following the retirement of John Nelson. “I am very excited to get started. In the months since my appointment was announced, I have been meeting with people in …
British Prime Minister Theresa May on Thursday promised a public inquiry into a fire that gutted a 24-story apartment block killing at least 17 people, as the government faced questions about how such a devastating blaze could have occurred. Smoke …
British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its chief executive for UK insurance said. Aviva, which …
Workers building stadiums for next year’s World Cup in Russia have faced repeated abuses and routinely gone unpaid for several months, according to a report by Human Rights Watch. At a stadium in Yekaterinburg, some workers were required to work …
Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York’s Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu Xiaohui in police custody. Chinese authorities have asked lenders …
China’s civil aviation authority has fined the world’s largest long-haul carrier, Dubai-based Emirates, and barred it from adding new destinations and aircraft in China for six months, following two incidents of “unsafe operations.” Airline crew were responsible for an April …
The death toll in a fire that ripped through a 24-story block of flats in London rose to 17 on Thursday, with many people still missing and firefighters facing hazardous conditions as they searched the charred wreck. Smoke was still …
American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first multinational, “smart contract” based insurance policy using blockchain, a distributed ledger technology. Noting that coordinating management and placement of multiple …
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism insurance policies were developed after the …
Around 220,000 car drivers in the Netherlands, England and Wales joined forces on Tuesday in what could become a pan-European lawsuit against German carmaker Volkswagen seeking compensation over its “dieselgate” emissions scandal. UK law firm Harcus Sinclair and Dutch Foundation …
