International
The Latest Launches From RMS and Marsh/Validus Specialty
RMS unveiled a new catastrophe model designed to address earthquake and tsunami risks in Japan. Marsh and Validus Specialty launched a new insurance product designed to manage U.S.-based fintech ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
AIG Continues to Struggle as Catastrophe Costs, Lower Yields Hammer Profit
American International Group Inc reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer ...
Islamic Insurers, Banks Shift Focus to Profits and Fintech: Survey
Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices, an industry body said on ...
Validus, Prepping to Be Acquired by AIG, Lost Money in Q1
Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier's reinsurance ...
Lloyd’s CFO Parry Plans to Depart After 17 Years
Lloyd's of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years. Parry joined Lloyd's in August 2001. He was appointed chief financial ...
A Brexit ‘No Deal’ Less Likely, Thanks to Crucial UK House of Lords Vote
The U.K.'s upper house sought to make it harder for Prime Minister Theresa May to take Britain out of the European Union without a deal by defeating her for a seventh time over the government's ...
Beazley, Lloyd’s Broker Bitfury Will Build Crisis Registry Centered Around Blockchain
Insurer Beazley has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. The ...
Executives On The Move at Markel and Guy Carpenter
Specialist insurer Markel International appointed a veteran underwriter to its Marine team. Guy Carpenter & Company promoted one executive and hired another for its Bermuda operations.