Global Economy
Global Insurance M&A Activity Rose in H1 2018, Fueled By Mega Deals
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a ...
No-Deal Brexit Won’t Block Banks From London Clearing, Says EU
The European Union said it won't allow a no-deal Brexit to cut the bloc's banks off from London's crucial financial infrastructure, which would put trillions of dollars of derivatives contracts at ...
UK Attorney General Is Latest Hurdle to a Brexit Deal
When Theresa May promoted a little-known, pro-Brexit lawyer to be attorney general in July, she hoped he would be the right man to take on the legal complexities of the U.K.'s divorce talks with the ...
Executives On The Move at W.R. Berkley Corp. and AXIS Capital Holdings
W.R. Berkley Corp. promoted two executives: one within its Berkley Public Entity arm and the other at its Admiral Insurance Unit. AXIS Capital Holdings Ltd. appointed an executive to its board of ...
Munich Re Closes Acquisition of IoT Startup That Helps Companies Pursue ‘Digital Transformations’
Munich Re has closed its acquisition of relayr, an Internet of Things-related software company in which it had initially invested in 2016. The acquisition, through Munich Re subsidiary Hartford Steam ...
British Airways Warns an Additional 185,000 Customers May Have Been Hit in Cyber Attack
International Airlines Group said an investigation into the theft of customers' data at its British Airways subsidiary showed hackers may have stolen the personal information of a further 185,000 ...
Chubb CEO Greenberg: New Lloyd’s Leader Neal Has His Work Cut Out for Him
Chubb President and CEO Evan Greenberg offered positive words about new Lloyd's of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address ...
Reinsurance Backed by ‘Alternative’ Capital Is Now Mainstream: Willis Towers Watson
The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have ...