Reinsurance
New UK PM Johnson Has 100 Days to Deliver Brexit
Incoming Prime Minister Boris Johnson has 100 days to deliver on his promise of leading the U.K. out of the European Union. The Brexit deal his predecessor struck with the bloc is "dead," "defunct" ...
Rate Hikes Drive Beazley’s H1 Earnings Significantly Higher
Lloyd's of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth ...
China Opens Door to More Foreign Investment in Financial Sector
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors ...
Brexit Can Be Postponed Again if Needed, Germany’s Merkel Says
German Chancellor Angela Merkel said the U.K. should be given more time to leave the European Union if it needs it, as she pointed to a way out of the Brexit impasse that falls far short of what the ...
Hamilton Insurance Group Adds ‘Chief Technology Officer’ to Its Ranks
Hamilton Insurance Group Ltd. has added a "chief technology officer" to its roster of executives. Venkat Krishnamoorthy will fill the newly created slot starting on Aug. 5, 2019, reporting to Group ...
Allied World CEO Carmilani Moves Up to Corporate Parent Fairfax in New Role
Scott Carmilani, the founder and longtime CEO of Allied World, is moving up to corporate parent Fairfax Insurance Group in a newly created executive role. With his promotion, the veteran president at ...
Hurricane Barry Produced Nearly $300M in Insured Losses: Karen Clark & Company
Hurricane Barry fizzled quickly into a tropical storm, but the weather event generated nearly $300 million in insured losses, according to the catastrophe modeling firm Karen Clark & Company. KCC ...
Insurers Will Drastically Boost Spending on Robotic Process Automation: Study
Insurers are expected to drastically boost their spending on robotic process automation over the next five years as they seek to spur revenue growth by cutting costs, according to a new study from ...