Global Economy
Watch This Video: Lloyd’s CEO Beale Details Progress on Expansion
Lloyd's of London CEO Inga Beale has plenty to say about expansion these days. During the recent reinsurance Rendez-Vous in Monte Carlo, she spoke, in part, about Lloyd's progress in expanding access ...
Sub-Saharan Africa Drawing Growing Insurer/Reinsurer Interest Despite Uncertainties: A.M. Best
Sub-Saharan Africa continues to attract interest from insurers and reinsurers despite uncertainty about whether regional countries there can sustain robust levels of growth, A.M. Best concluded in a ...
Towers Watson CEO Haley Sold Stock During Willis Merger Talks: WSJ
Towers Watson & Co Chief Executive John Haley sold shares in the human resources consultancy for a profit of about $9.7 million while the company was discussing a merger with Willis Group ...
Opinion: Putting a Price Tag on Volkswagen’s Emission-Fraud Liability
An $18 billion liability figure attached itself last Friday to Volkswagen's diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a ...
ACE Buys 24% Stake in Tech Outfit Developing Online Commercial Insurance Platform
CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy ...
AIG, Swiss Re and XL Catlin Execs Join Terrorism Insurance Government Advisory Committee
Executives from AIG, Swiss Re, XL Catlin and Lloyd's of London are among the insurance industry executives who will serve on a new government advisory committee that will help shape private market ...
Munich Re, Marsh Debut Coverage For Life Sciences Companies Sidelined by FDA
Munich Re and Marsh are hoping life sciences will respond to new insurance coverage coverage designed to protect them in the wake of U.S. Food and Drug Administration-mandated manufacturing ...
Swiss Re Unit Increases Life Insurance Holdings with $2.5B Guardian Buy
Swiss Re's business unit Admin Re is acquiring Guardian Holdings Europe Ltd. from buyout firm Cinven for 1.6 billion pounds ($2.5 billion) to increase its portfolio of U.K. life-insurance policies. ...