Markets
Brexit Talks Could Be Damaged by Issues Over European Court of Justice
Brexit talks risk being torpedoed by the taboo issue of the European Court of Justice, a senior British official said, as Theresa May heads to Brussels on Monday with the best offer her party will ...
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 ...
MAPFRE’s U.S. Division to Pull Out of 5 States, Reorganize
MAPFRE USA is reorganizing, with plans to pull out of five states and refocus its operations in others in order to strengthen its operations. The U.S. division of Spanish insurer MAPFRE Group will ...
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 ...
Coastal U.S. Cities Must Address Climate Risks or Face Downgrades: Moody’s
Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit. In a report ...
Heritage Insurance Gains Larger Regional Presence With $250M Narragansett Bay Acquisition
Heritage Insurance Company has completed its $250 million acquisition of Narragansett Bay Insurance Company, a deal that it said will create a personal lines carrier with a presence in 11 states. ...
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 ...