February 15, 2017
The UK’s National Cyber Security Centre (NCSC) was officially launched this week – a government sponsored organization that is focused on improving the UK’s cyber security and cyber resilience. The NCSC will use its new offices in Victoria, London “to …
February 15, 2017
A British drone operator has won a contract to inspect rigs operated by one of the world’s largest oil producers. Sky Futures Ltd. will deploy drones at Eni S.p.A. facilities as part of a global three-year contract. The company expects …
February 15, 2017
Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial clients against disruptions in global commerce. “I wouldn’t be surprised if …
February 15, 2017
Catastrophe modeling firm AIR Worldwide (AIR) announced that its earthquake model for Colombia has been approved by the country’s insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic insurance companies in managing their earthquake risk. “The Colombian government …
February 15, 2017
Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. G20 nations should work “to …
February 14, 2017
Bermuda-based AXIS Capital Holdings Ltd. announced that John “Jay” Nichols has resigned from his position as chief executive officer of AXIS Re. Nichols has agreed to remain with the company in a transitional role until March 31. AXIS has named …
February 14, 2017
Miller Insurance Services has expanded its facultative property team with the appointment of experienced broker and producer Damian Richards. Richards will work with the team in London and colleagues across Miller to develop tailored facultative reinsurance solutions for its clients, …
February 14, 2017
The Insurance Council of Australia (ICA) has declared an insurance catastrophe for bushfires that have destroyed homes, stock and other assets across New South Wales, providing an initial insured loss estimate of at least A$20 million (US$15.3 million). That figure …
February 14, 2017
Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC polled 95 insurance CEOs from 39 countries, who expect …
February 14, 2017
Intesa Sanpaolo SpA is sounding out investors about a possible combination with Assicurazioni Generali SpA and weighing which of the insurer’s assets it might sell, according to people with knowledge of the matter. Intesa Chief Executive Officer Carlo Messina is …