Industry News
Tokyo, New York, Top Lloyd’s List of Cities Facing the Most Risks
Tokyo is the global city facing most risks to its annual economic output, due to its proximity to North Korea, according to an index compiled by the Lloyd's of London insurance market. New York ranks ...
The Latest Launches From Allianz and ISO
Allianz Group will start selling property/casualty insurance in several Central and Eastern European markets, thanks to a new distribution agreement. ISO is now offering a new home healthcare program ...
The Schinnerer Group Will Rebrand as Victor
The Schinnerer Group is rebranding as Victor, and most of the company's individual global businesses will take on the new name. Schinnerer businesses that will rebrand as Victor over the next year ...
AmTrust Postpones Shareholder Vote on Going Private; Contested Plan Lacks Shareholder Support
Lacking enough shareholder votes for approval, AmTrust Financial Services Inc. has postponed until June 21, 2018, the special meeting on a plan to take the insurer private. The meeting was originally ...
Most Commercial Lines Premiums Kept Up Steady Increase in May: IVANS
Renewal premiums for most standard commercial lines products continued rising in May, according to the latest IVANS Index. Commercial auto and umbrella were two exceptions, as they grew at a lower ...
Post-Brexit UK Will Keep Focus on Financial Services: Govt. Minister
Financial services will remain a "guiding light" for Britain's economy after Brexit and there is no intention to "rip up the rulebook" to compete better as a top financial center, a government ...
P/C Insurers, Reinsurers Face Earnings Volatility Due to New Accounting Requirement: Fitch Ratings
Many insurers and reinsurers are facing some earnings volatility in 2018 due to a change in accounting requirements for equity securities, Fitch Ratings said in new market commentary. According to ...
Swiss Re Promotes Ningen to Lead Swiss Re Canada
Monica Ningen has been appointed president and chief executive officer of Swiss Re Canada and English Caribbean. Ningen succeeds Veronica Scotti, who has been named chairperson for Global ...