Underwriting
Travelers Grabs UK Small Biz Online Insurance Broker for $490M
The Travelers Companies will snatch up Simply Business from Aquiline Capital Partners LLC for $490 million, a deal that gives it an online insurance broker with a focus on the small business market. ...
The Flat Streak Continues for U.S. Commercial Insurance Prices
U.S. commercial insurance prices continued their flat streak in the 2016 fourth quarter, climbing less than 1 percent, according to Willis Towers Watson's latest Commercial Lines Insurance Pricing ...
Takata Sued by Nissan, Ford, BMW Over Faulty Airbag Losses
Nissan Motor Co., BMW of North America and Ford Motor Co. accused Takata Corp. of fraud in a lawsuit seeking to force the airbag manufacturer to cover losses they incur because of its faulty ...
Terrorism Reinsurance Fund in UK Wants to Add Cyber Cover
Britain's 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts ...
Brexit Deal Must Benefit UK and EU, Trade Association Argues
A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients' access to the London insurance market, according to the London Market Group (LMG), an association ...
Luxembourg Is Benefiting as Financial Firms Plan for a Post-Brexit World
Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.'s exit from the European Union, as insurers, asset managers and financial-technology ...
EU Pushes to Save Paris Climate Change Agreement With More Diplomacy
EU foreign ministers on Monday said the bloc would strengthen diplomacy to promote the fight against climate change in the face of a possible U.S. exit from the Paris agreement. U.S. President Donald ...
Trump’s Tax Reform Plans Will Help Some U.S. Insurers, Reinsurers: Morningstar
A cadre of U.S. insurers and reinsurers stand to gain from lower corporate tax rates advocated by President Donald Trump and Republican members of Congress as part of a broader reform effort, ...