Global Economy
Lloyd’s of London Proceeds With Brexit Plans in Quest for Certainty
Lloyd's of London will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel ...
Artificial Intelligence Startup Cytora Raises $5.9M From QBE, Starr, Others
Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE's venture arm and Starr Companies. QBE Ventures, Starr Global Holding, ...
Law Enforcement Urged to Play Stronger Role in Dangerous Drone Use Prevention
Law enforcement authorities must play a strong role to ensure there are suitable deterrents in place for those flying recreational drones to prevent danger to passenger aircraft, the International ...
Autonomous Vehicle Ride-Hailing Service Coming From Nissan in Early 2020s
Nissan Motor Co. said it will test an autonomous ride-hailing service on public roads in Japan in March, aiming to officially start the "robot taxi" rides in the early 2020s. The carmaker will put ...
The Latest Launches From Beazley and Willis Towers Watson
Beazley came out with its new U.S. marine platform. Willis Towers Watson launched Igloo 5, an update to its financial modeling platform. *** Beazley has begun its new U.S. marine platform. The ...
Aon Acquires Swiss Insurance Broker Unidelta AG
Aon plc has acquired 100 percent interest in Unidelta AG, an insurance broker located in Rapperswil, St. Gallen, Switzerland. Unidelta AG was founded in 2004, and is an independent all-line insurance ...
Brexit May Adversely Effect Legions of Insurance Liabilities, Bank Contracts Without Fix
As far as Brexit headaches go, Barclays Plc's John McFarlane says that while his bank is on top of job relocations, he's more concerned about rewriting "hundreds of thousands" of contracts. He's not ...
Late 2017 Hurricanes Could Spur 2018 Insurance M&A Spree: Clyde & Co. Prediction
Hurricanes Harvey, Irma, Maria and Nate broke records in late 2017 in terms of damages and insured losses. The strains they have caused on the marketplace could spur a wave of M&A activity a ...