Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from the …
Investors and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber Technologies Inc., one of Silicon Valley’s most disruptive companies and valued at more than $60 billion, launched services in …
Lloyd’s announced details of its new Corporation Operating Model (COM) that it said will enable it to deliver its Vision 2025* more effectively and efficiently. Effective Jan. 1, 2017, COM will enable Lloyd’s to keep “a sharper focus on its …
Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank and from accounts in commercial banks, the bank said on Friday [Dec. 2], the latest example of an escalation of cyber attacks on …
Chinese insurance firms have significant risk management deficiencies, as they overly focus on asset management for profits and growth, a senior official at China’s insurance watchdog said on Saturday. Vice chairman Chen Wenhui of the China Insurance Regulatory Commission (CIRC) …
Xceedance, the Boston-based provider of property/casualty insurance technology, analytics and consulting services, announced the launch of an operations center in Krakow, Poland. The center will provide services and support to Xceedance clients for underwriting, policy and claims management, credit control, …
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has appointed a dedicated team of cyber underwriters. Phil Mayes joins the team as senior class underwriter, and Gillian Anderson joins the team as class underwriter. Mayes has more …
BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber, which have spent billions on pay-per-use personal transport. The German carmaker will have about 40 vehicles with self-driving functions in …
PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec. 4-24, 2015 and were linked to storm Desmond and other low pressure systems. The revised estimate of the insured property …
XL Catlin’s insurance operations announced the launch of an Emergency Security and Disaster Evacuation (ESDE) solution for businesses with employees working internationally. This new solution, underwritten out of London, Guernsey, Hong Kong and Singapore, has been designed to respond to …
