Reinsurance
Brussels Wins as Lloyd’s Choice for Post-Brexit EU Hub
Lloyd's of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc. The company expects the ...
Endurance, With SOMPO as New Owner, Gets A.M. Best Ratings Upgrade
Endurance Specialty Holdings Ltd. got a financial ratings upgrade from A.M. Best and is no longer under review, based on positives the ratings agency sees after it was acquired by Japan's SOMPO ...
Brexit Has Officially Begun
Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the cohesion of ...
Global Insured Disaster Loss Events Climbed 43% in 2016: Swiss Re
Global insured losses from disaster events hit $54 billion in 2016, up 43 percent from the previous year, as countries around the world dealt with earthquakes, storms, floods, wildfires and other ...
Brussels or Luxembourg? Lloyd’s Will Reportedly Choose One as EU Hub
Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, ...
Cyclone Debbie Causes Australia Mass Evacuations, Mine Closures, Catastrophe Declaration
A powerful cyclone tore into Australia's northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone ...
Brexit Uncertainty Hasn’t Yet Dented London’s Status as Top Global Financial Center
London has retained the mantle as the world's top financial center, though uncertainty about the implications of Britain's vote to leave the European Union saw its lead over Asian rivals narrow, ...
Another Record Year Likely for U.S. Tornadoes as Thunderstorms Threaten
Another wave of tornado-spawning thunderstorms is set to rip across the Great Plains and South this week, putting the U.S. within reach of a record year for life-threatening twisters. Severe storms ...