Global Economy
Q3 Catastrophes Haven’t Turned Investors Away From ILS Market: Willis Towers Watson
ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, ...
AIG’s UK Arm Underwrites Its First Sharia-Compliant M&A Policy
AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London's M&A insurance market, as the city looks to Islamic finance to help bring new ...
EU Leaders Push May to Offer More in Brexit Talks
European leaders pushed Theresa May to offer more in Brexit talks while also encouraging the British prime minister to aim for a December deadline to move negotiations on to trade. German Chancellor ...
Hamilton Insurance Group Chooses Munich Re’s Albo as New CEO
Hamilton Insurance Group has chosen a Munich Re executive as its next chief executive officer. Pina Albo will become CEO of the Bermuda-based insurer and reinsurer on Feb. 1, 2018, replacing Interim ...
Another J&J Lawsuit: Patients in UK Trial Claim Hip Implants Were Defective
A Johnson & Johnson unit was accused of injuring hundreds of patients by selling "defective" hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy ...
Executives On The Move at Arch Capital Group and Everest Re
Arch Capital Group Ltd. made a number of senior management changes in its worldwide reinsurance group. Everest Re added two new senior underwriters to its London-based team. *** Arch Capital Group ...
Wi-Fi Vulnerable to Hacking Due to Newly-Discovered System Flaw
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...