International & Reinsurance News

Integro Announces Change in UK Operation’s Leadership

International insurance broker and risk management firm Integro Insurance Brokers announced the departures of John Sutton and Toby Humphreys, who have guided Integro’s UK operation since the acquisition of their firm, Humphreys Haggas Sutton & Co., in 2005. The Integro …

Allied World Launches 3 Professional Liability Products in Australia

Allied World Assurance Co. Holdings AG announced it has launched three new professional liability products in Australia: Directors and Officers Liability Insurance, Architects and Engineers Professional Indemnity Insurance, and Miscellaneous Professional Indemnity Insurance. The Miscellaneous Professional Indemnity Insurance products is …

UK Prime Minister May Steps Up Battle Against Brexit Rebels

U.K. Prime Minister Theresa May is fighting back against Brexit rebels in her ruling Conservative Party as she steps up her battle to start the formal process of pulling Britain out of the European Union. The premier fired government adviser …

Brexit Without Trade Deal Could Have Dire Economic Consequences: CBI

If the UK leaves the European Union without being able to complete a Brexit trade deal, it could be forced into World Trade Organization tariffs – an option that is under serious consideration by the UK government. However, Paul Drechsler, …

PartnerRe Names Aon Benfield’s Cabrera as Head of Latin America

PartnerRe Ltd. announced that Humberto Cabrera has been appointed to the position of head of Latin America. He replaces interim head of Latin America, Salvatore Orlando, who will continue in his position of head of Middle East, Africa and Russia …

Sompo Canopius’ Mining Capacity Rises to $30M with Travelers Syndicate Support

Sompo Canopius AG announced that its heavy industry team has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s. This takes full capacity for the mining portfolio up to US$30 million as of March 1, 2017, …

China’s Fintech Investments in 2017 May Exceed 2016’s Record $10B: Accenture

Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc. The country’s financial-services giants will probably ramp up investments in …

PwC Develops Blockchain Prototype for London Market Claims

PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the company said. Completed over a six-week period, PwC said, the proof …

China’s Zhong An to Sell 5-10% Stake to Raise Funds Before Planned IPO

Zhong An Online Property & Casualty Insurance plans to sell 5-10 percent of the company to a couple of strategic investors, to raise up to 10 billion yuan ($1.45 billion), ahead of a planned initial public offering in mainland China, …

Fidelis Insurance Appoints Patel as CFO Successor to McConachie

Fidelis Insurance announced that Hinal Patel has been appointed to succeed Neil McConachie as group CFO, effective June 30, 2017, subject to regulatory and immigration approval. McConachie resigned for personal reasons earlier this year and after a comprehensive search Patel, …

International & Reinsurance News Archives by Month