Global Economy
UK Lawmakers to Start Limited Debate of Brexit Bill on Jan. 31
Prime Minister Theresa May's government will push its draft law to trigger the start of the Brexit process through the House of Commons within two weeks in a rush to stick to her March 31 deadline. ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...
2017 Cat Bond Issuance Could Approach Record Levels: Aon Report
Total catastrophe bond issuance for calendar year 2016 reached $5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, ...
W.R. Berkley Suspends London-Based Marine Underwriting
W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward. W/R/B Underwriting, the company's ...
Germany Reportedly Plans Brexit Move Talks With 20 Banks
German regulators will meet more than 20 foreign banks on Monday to spell out requirements for moving some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans ...
AIG Risk Transfer Deal Could Jeopardize Berkshire Hathaway’s Win Streak: Credit Suisse
Berkshire Hathaway Inc.'s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett's company risks posting its first annual underwriting loss since 2002 at ...
Zurich North America’s Combined Commercial, Global Corporate Units Have a New Name
Zurich's continued push to streamline operations continues with news that the newly-formed unit combining its former North America Commercial Markets and Global Corporate arms has a formal name, and ...