Markets
Ascot Group Establishes U.S. Division; Wolyniec Named to Lead It
Ascot Group has established a U.S. division and has promoted an executive from within to lead it. The Bermuda-based specialty insurer and reinsurer appointed Greg Wolyniec as president and CEO of ...
Travelers, Amazon to Sell Smart Home Kits, Promote Insurance Info to Clients
The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits and insurance/risk management information through a digital storefront: Amazon.com/Travelers. The property/casualty ...
Lloyd’s Pledges to Pay All Valid Claims if Hard Brexit Takes Place
Lloyd's said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd's Brussels, before the end of 2020 via a Part VII transfer. Part VII transfers, in ...
Climate Change Group Lobbying for U.S. Carbon Tax Gets $1M Exxon Donation
Exxon Mobil Corp's latest shift on climate includes a $1 million donation to a political action committee's lobbying campaign to promote a U.S. tax on carbon-gas emissions, a central factor in global ...
Payment Companies Test Cyber War Games as Way to Manage Hack Attack Risks
Global payment companies held their first joint cybersecurity war games to test their systems' readiness for simultaneous attacks, uncovering differences in their defenses including even how to ...
Hurricane Michael: At Least 57,000 Coastal Florida Homes at Risk
About 57,000 Florida homes were at risk from a coastal storm surge as Hurricane Michael approached the United States on Tuesday, and a number of insurers face potential liabilities from the storm. ...
Executives On The Move at QBE North America and Peak Re
QBE North America made two appointments in key areas. Peak Reinsurance Company Ltd., or Peak Re, appointed a new chief operating officer. *** QBE North America promoted Toria Lessman to the role of ...
No-Deal Brexit Could Produce ‘Massive Crisis,’ German Industry Warns
German industry warned that Europe risks sinking into chaos and trade will collapse if U.K. and European Union leaders fail to resolve their differences on the future of Britain's relationship with ...