Reinsurance
New Brexit Fallout: Bank of England Eases Bank Rules
Mark Carney pledged to shore up financial stability as he warned that the risks from Britain's shock decision to leave the European Union have started to crystallize. "There is the prospect of a ...
Rail Industry Isn’t Getting ‘Driverless’ Tech Anytime Soon
Peter Mills sees an inconsistency. One arm of the U.S. Department of Transportation is recommending two-person crews be required for freight trains as another plans to spend billions to help develop ...
ACP Re Pulls Out of A.M. Best Ratings Process After Downgrade
ACP Re's late filing of financial statements earlier in 2016 has left the Bermuda reinsurance and its multiple property/casualty subsidiaries in rough straits with A.M. Best. The ratings agency ...
Bermuda Market Leaders Assert Their Region is a Post-Brexit Haven
Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK's Brexit vote would hit their market as well. "In a global economy, Bermuda ...
Zurich’s UK General Insurance Head Departs; Replacement Named
The CEO of Zurich Insurance's UK General Insurance business is departing, and the insurer has already named a replacement as it proceeds with a reorganization. Vibhu Sharma, who spoke at a FT life ...
Execs See London Insurance Market as Weathering Brexit Storm
Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London's ...
Marsh: 2015 Federal Terrorism Reinsurance Renewal Kept Market Stable
Passage of the updated U.S. federal terrorism reinsurance program in 2015 has helped maintain certainty and stability for the U.S. market even as the nature of terrorist acts has changed. Marsh noted ...
Willis Towers Watson CEO Sees Brexit Upside
John Haley, who merged his U.S. consulting firm with an insurance broker this year to form London-based Willis Towers Watson Plc, said the company is well-equipped to deal with disruption from U.K. ...