Canada-based Echelon Financial Holdings Inc. announced it has received regulatory approval from the Danish Financial Services Authority for the sale of its European operations. This completes the necessary regulatory approvals for the sale, Echelon said, noting that the sale is …
Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Ace IRM Insurance Broking Group, located in Beenleigh, Queensland, Australia. The terms of the transaction were not disclosed. Founded in 1981, Ace IRM Insurance Broking Group (Ace IRM) is …
Nigeria’s insurance industry is poised to enter a period of consolidation as companies struggle to raise cash to meet new regulatory requirements amid the worst economic contraction in more than two decades. With markets largely shut for companies to raise …
Skuld, the Oslo, Norway-based marine insurance provider, announced the appointment of Krester Krøger Kjær as head of Skuld Copenhagen. Krøger Kjær succeeds Helle Lehmann who, after eight years in the role, has decided to step down and pursue new opportunities. …
Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), an innovator in insurance claims efficiency and fraud detection solutions based in Newcastle upon Tyne in the U.K. With the acquisition of …
European Union countries should test bank defenses against cyber attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial products. Cyber attacks against banks …
The number of laser attacks on aircraft is still “dangerously high,” although incidents are down slightly from 2015, said the British Airline Pilots’ Association (BALPA). BALPA was commenting on data released this week from the UK’s Civil Aviation Authority (CAA), …
Arch Reinsurance Ltd. has created an entity to handle its underwriting in the Gulf region and eventually replace the role Gulf Re plays in its business there, a few years after it fully acquired the struggling reinsurer for this purpose. …
Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous vehicle. Traveling at up to 50 miles (80 …
Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and will also support the company’s …
