International & Reinsurance News

Hiscox Group Names Barclay’s Penny as Chief Information Officer

Specialist global insurer Hiscox announced the appointment of Ian Penny as chief information officer (CIO) for the Hiscox Group. An experienced IT professional with a wealth of global, blue-chip experience, Penny brings expertise in leading all aspects of IT including …

China’s Baidu Plans July Launch of Self-Driving Car Technology

Baidu Inc. said on Tuesday it would launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020. The project is named Apollo after the lunar …

Uber Sees EU Growth Despite Impending EU Court Ruling, Denmark Setback

Uber Technologies sees opportunities to expand in the Europe Union, despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, an Uber executive said. Danes hailed …

Markel Int’l Singapore Taps Munich Re’s Fordham as Marine Liability U/W

Markel International Singapore, the specialist insurer, has appointed Colin Fordham as a senior marine liability underwriter based in Singapore. Fordham joins from the Munich Re syndicate on the Lloyd’s Asia Platform, where he held the same position, and brings with …

UK Prime Minister May Seeks Early Election to End Brexit Divisions

U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union. The surprise statement came less than a month …

Hackers Target Japan’s Mobile Gamers to Access Their Employers’ Data

Gamers beware: hackers offering free virtual trinkets don’t care about your passwords or personal data, but your employer’s most closely guarded secrets. An employee at a Japanese high-tech company learned this the hard way, duped by a fake giveaway for …

Singapore Ranks Highest in Asia in Attracting Talent; No. 2 in Global Index

Singapore ranks the highest in Asia in attracting and developing talent, reflecting not only its world-class education system but how it’s adapting skills in the digital era. The city-state took the No. 2 spot behind Switzerland on the Global Talent …

Swiss Re Gears Up to Launch Subsidiary in Singapore in 2018

Swiss Re plans to launch in 2018 a subsidiary in Singapore, which will become the company’s regional headquarters for its reinsurance operations in Asia. The company, Swiss Re Asia, will be wholly owned by its Zurich-based global parent, Swiss Re …

Cayman Islands Issues 39 Insurer Licenses in 2016

The Cayman Islands Insurance Industry saw a “buoyant” start to 2017, with eight new insurer licenses issued in the first quarter, which followed a strong year in 2016 when 39 insurer licenses were issued, said the Insurance Managers Association of …

Worldwide Broker Network Adds Members in Germany, Croatia

Worldwide Broker Network (WBN)* announced the addition of two members in Germany and Croatia, bringing the network of independent insurance brokerage and employee benefits consulting firms to 109 in 101 countries. Based on combined annual member revenues, WBN said it …

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