Reinsurance
UK Hit With Suit Concerning Brexit Deal With Ferry Company Lacking Boats
The companies that run the Channel tunnel are suing the British government over its award of ferry contracts to handle freight shipments in a no-deal Brexit, just days after one of those contracts, ...
Global Insurance M&A Grew 9 Percent in 2018; Short-Term Drop-Off Likely: Clyde & Co.
Global insurance sector mergers and acquisitions increased by 9 percent in 2018, with the Americas showing the most active deal activity, according to a new Clyde & Co. report. There were 382 ...
Property Catastrophe Retrocession a Bright Spot in Jan. 1 Reinsurance Renewals: A.M. Best
The property catastrophe retrocession market was a bright spot in what was largely flat pricing for reinsurance at Jan. 1 2019 renewals, A.M. Best said in its latest Market Segment Report. According ...
EU Mulls Cyber Crimes Sanctions as China, Russia Activity Raises Concerns
The European Union is looking to get tough on cyber crimes. Technocrats representing the EU's 28 governments will meet in Brussels on Friday to discuss expanding the bloc's sanctions regime to punish ...
QBE North America Makes Community ‘Impact’ Investment, It’s First for 2019
QBE North America said it has made its first major community "impact" investment for 2019. The integrated specialist insurer said it has issued the contribution through its Premiums4Good program, ...
British PM May Gains Some Hope as Brexit Deadline Reaches Final Stretch
British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of ...
Insurer Pledges Student Loan Relief if Employees Give Up Vacation Days
Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new ...
Natural Catastrophes Knock Down Munich Re’s Q4 Net Profit by 56 Percent
German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to ...