More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. That’s a 50 percent increase this year in …
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer. Based in LSM’s London headquarters, Gibbs will report to Nick Metcalf, president and managing director. He will be responsible for …
The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data. Tropical Cyclone Debbie caused significant wind and flood damage across the Australian …
Uber Technologies Inc., in the midst of legal battle with Alphabet Inc. over self-driving car technology, is building a new artificial intelligence team in Toronto to help improve its autonomous vehicle software. The team will be part of Uber’s Advanced …
BMS Group Ltd., the independent, re/insurance broking arm of Minova Insurance, announced that John Hoare has been appointed managing director of BMS Harris & Dixon Marine, BMS’ specialty marine division. Hoare succeeds current managing director Tony Pryce, who will remain …
Beazley has unveiled two sets of financial lines’ products for organizations domiciled outside the United States. One is designed for the specific needs of financial institutions and the other provides comprehensive management liability cover for traditional and emerging risks, the …
The Eagles are suing the owners of a Mexican hotel named Hotel California, claiming it’s capitalizing off the band’s hit song of the same name. The band filed a federal trademark infringement lawsuit [on May 1] against the U.S.-based owners …
Chinese investigators have questioned at least two more officials at the nation’s insurance watchdog after starting a probe into the agency’s former top official Xiang Junbo, according to a person with knowledge of the matter. The officials, including former China …
Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies. Terms of the transaction were not disclosed. Aon now will assume responsibility for all …
Specialist insurer Beazley has appointed Lorena Segovia to the newly created role of financial lines regional manager for continental Europe. Based in the company’s new Barcelona office, Segovia will be responsible for the development of Beazley’s specialty lines business across …
