Reinsurance
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 ...
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 ...
North Korea Hacking Group Tried to Steal $1.1B From Global Banks Over Four Years
A North Korean hacking group has tried to steal at least $1.1 billion in a series of attacks on global banks over the past four years, according to cybersecurity firm FireEye Inc. The hackers, which ...
One Target Area for the London Market to Grow: Driverless Ships
Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA). Indeed, 25 ...
About That Expected Brexit Breakthrough …
The U.K. hinted that a breakthrough in Brexit talks may not be that imminent, as it insisted the European Union must make the next move on what Britain's future ties with the bloc will look like. ...