Risk
China Regulator Details Plan to Further Open Insurance, Banking Sectors
China will further open up its banking and insurance sectors, the country's top banking and insurance regulator said in comments published on Wednesday. Guo Shuqing, chairman of the China Banking and ...
Lloyd’s CEO Neal Pledges to Halve Costs in Modernization Push
Lloyd's of London plans to halve the cost of buying insurance through the 330-year-old market as part of a strategy to restore the fortunes of the company. Chief Executive Officer John Neal said he ...
Deadline Reportedly Approaching for Ongoing UK Brexit Talks With Labor
The British government wants talks with the opposition Labour Party on a Brexit compromise to reach a conclusion by the middle of next week, several British journalists reported on Tuesday citing ...
High-Net-Worth Insurer Vault Expands Into Three New States
High-net-worth insurer Vault has expanded into three new states. First launched in 2017, Vault has now obtained approvals to underwrite in Connecticut, New Jersey and Pennsylvania. This adds to ...
Boeing Sued by Two Families Alleging Negligence in Ethiopa 737 Max Crash
Boeing Co. was sued Monday by two Canadians who lost 10 family members in the March crash of a 737 Max in Ethiopia, adding to the aircraft manufacturer's legal woes stemming from two deadly crashes ...
The Latest Launches From Coalition, Brit Ltd. and AXA XL
Coalition has started marketing comprehensive coverage for healthcare companies. Brit Ltd. beefed up coverage options for one of its key cyber products. A division of AXA XL debuted its ...
CNA’s Net Investment Income and Premiums Rise; P/C Combined Ratio Spikes
Catastrophe losses drove CNA Financial Corp.'s property/casualty and commercial division combined ratios higher in the first quarter, though the insurer saw its net income rise slightly as investment ...
Catlin Founder and Some of His Old Colleagues Launch a New Specialty Insurer/Reinsurer
Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd. Convex launches with $1.8 billion of initial ...