March 13, 2017
OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and regulatory compliance, they said. Companies spend a significant …
March 13, 2017
MS Amlin has appointed Frank Padilla as senior international casualty underwriter, specializing in Latin America. Latin America is a strategically important region for MS Amlin and this appointment underlines its commitment to servicing clients locally, while continuing to develop opportunities …
March 13, 2017
The Travelers Cos. Inc. announced it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for approximately $490 million, which includes the repayment of debt and other obligations at closing. Operating since 2005, Simply Business is a leading …
March 13, 2017
Urgent action is required to limit the global fallout from rising obesity levels, according to a report published by health insurance provider Aetna International. Aetna International said it analyzed data from the World Health Organization (WHO), the United Nations, governments …
March 13, 2017
Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …
March 13, 2017
Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to insurers paying out claims …
March 10, 2017
China’s Communist leaders will this week introduce sweeping new laws that codify social responsibilities for the country’s 1.4 billion citizens while also providing some modest new protections. The preamble of what state media is calling China’s “declaration of rights” will …
March 10, 2017
Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory hassles. Big mergers may be the most …
March 10, 2017
Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.’s exit from the European Union, as insurers, asset managers and financial-technology companies are interested in setting up shop in the Grand Duchy. …
March 10, 2017
A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s re/insurance underwriters and brokers. The LMG …