Reinsurance
Lloyd’s CFO Parry Plans to Depart After 17 Years
Lloyd's of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years. Parry joined Lloyd's in August 2001. He was appointed chief financial ...
A Brexit ‘No Deal’ Less Likely, Thanks to Crucial UK House of Lords Vote
The U.K.'s upper house sought to make it harder for Prime Minister Theresa May to take Britain out of the European Union without a deal by defeating her for a seventh time over the government's ...
With $3.6B in Global Cat Bond Issuance for Q1, Another Record Is Broken
Global catastrophe bond issuance broke a first-quarter record, come in at nearly $3.6 billion for Q1 2018 as the market expanded into new areas, Aon Securities said in its latest report. The $3.58 ...
A ‘Cliff-Edge’ Brexit Will Lead to UK/EU Banking Regulatory Team Up
The Bank of England and European Central Bank will create a task force to keep markets orderly in the event of a "cliff edge" Brexit next March. The European Commission and Britain's finance ministry ...
Swiss Re Plans Standalone E&S Arm in North America
Swiss Re Corporate Solutions will debut a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re's traditional E&S property and E&S casualty ...
Carriers, Calif. Commissioner Battle Over Wildfire Bills
California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supporters say will protect survivors of wildfires that struck ...
AXIS Sees Early Benefits From 2017 Novae Acquisition
AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. ...
Insurers Handed Updated Disaster Response/Recovery Plan Requirements in New York
The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It ...