Reinsurance
Terrorism Reinsurance Fund in UK Wants to Add Cyber Cover
Britain's 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts ...
Brexit Deal Must Benefit UK and EU, Trade Association Argues
A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients' access to the London insurance market, according to the London Market Group (LMG), an association ...
Luxembourg Is Benefiting as Financial Firms Plan for a Post-Brexit World
Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.'s exit from the European Union, as insurers, asset managers and financial-technology ...
AIG CEO Peter Hancock to Depart After Four Losses in Six Quarters
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters—results that hurt investors including activists Carl Icahn and ...
EU Pushes to Save Paris Climate Change Agreement With More Diplomacy
EU foreign ministers on Monday said the bloc would strengthen diplomacy to promote the fight against climate change in the face of a possible U.S. exit from the Paris agreement. U.S. President Donald ...
AIG’s Brexit Antidote: A New Luxembourg Subsidiary Alongside Existing UK Operations
American International Group plans to counter Brexit-related challenges by having it both ways. The insurer said that starting in the 2019 first quarter, it will launch a subsidiary in Luxembourg to ...
PwC Targets London Market Claims With New Blockchain Prototype
PwC has created a working blockchain prototype for the London Market's Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management ...
Trump’s Tax Reform Plans Will Help Some U.S. Insurers, Reinsurers: Morningstar
A cadre of U.S. insurers and reinsurers stand to gain from lower corporate tax rates advocated by President Donald Trump and Republican members of Congress as part of a broader reform effort, ...