Specialty
Progress Made on Plan to Give London’s Financial Industry Post-Brexit, Basic Access to EU
The United Kingdom and the European Union have made progress on a deal to give London's dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement ...
QBE Creates Three Global Units in Structural Revamp; Exec Teams Named
QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, ...
The Latest Launches From Chubb and Next Insurance
Chubb has started using its digital platform to sell insurance products for the small commercial market. Next Insurance now markets a general contractor insurance policy for small businesses.
For RenRe CEO O’Donnell, Acquiring Tokio Millennium Re Is All About Independence
RenaissanceRe's planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O'Donnell, president and CEO of RenRe. "The ...
PCI Annual Meeting: Regulators Sound Off on InsurTech, Driverless Vehicles and More
Insurance regulators from Florida, South Carolina and Tennessee assert that they're working well with innovators seeking to bring InsurTech into company operations and customer interactions. "There ...
Mudslides Following Typhoon Yutu Devastation in Phillippines Kill 10 People
At least 10 people were killed and about 20 are missing in a trail of landslides in the mountainous region of northern Philippines after the devastation caused by Typhoon Yutu, according to ...
Global Insurance M&A Activity Rose in H1 2018, Fueled By Mega Deals
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a ...
New Owners But Still ‘Ed’: BGC Partners Buying UK Broker Ed
Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. ...
The Hartford Boosted Q3 Profit With Lower Taxes, Higher Premiums and Acquisition Bounty
The Hartford booked significantly higher net income during its 2018 third quarter, thanks largely to higher returns in several lines and lower taxes. Third quarter 2018 net profit came in at $427 ...