Global Economy
Europe Emerging as InsurTech Investment Hub: Accenture
Global investment in the insurance technology industry surged in 2017, with Europe emerging as a new hub outside the U.S., according to new research from Accenture. The research, which includes new ...
Lloyd’s CEO Beale Urges Brexit Fix for European Insurance Contracts
Lloyd's of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe. ...
Insurers, Banks Full Speed Ahead on Brexit Moves Despite Transition Deal
London-based banks and other financial firms won't put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials ...
The Latest Launches From XL Catlin and Bold Penguin/TechCanary
XL Catlin's London-based insurance operations have introduced a Brexit contract continuity clause. Bold Penguin and TechCanary are partnering to use their respective technology to streamline ...
Lawmakers Recommend Longer Brexit Process If Delays Would Help
Britain should consider a limited extension to its exit process from the European Union if needed to ensure details of its future relationship with the bloc are agreed, a committee of lawmakers said ...
Growth of Crypto-Assets Could Cripple Financial System Stability: BOE’s Carney
The rapid evolution of crypto-assets such as Bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter to Group of 20 ...
Trump Tax Cuts Could Solidify U.S. as Most Active Insurance M&A Region: Clyde & Co.
The U.S. has regained its position as the most active region for M&A activity in the global insurance industry, and the Trump tax cuts could boost that activity even further, according to a ...
Munich Re Reportedly Negotiating on London Skyscraper Plot for Possible UK HQ Site
Munich Re, the world's largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan ...