International
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. *** Markel ...
Beazley Unveils Digital Insurance Weather Policy That Relies on ‘Plain English’
Specialist insurer Beazley launched a digital insurance policy in the U.S. that can be customized and describes in plain English precisely what coverage the customer has bought. Beazley Weather Guard ...
Google Privacy Settlement, ‘Direct Compensation’ in Class-Action Suits to Get SCOTUS Scrutiny
The U.S. Supreme Court will use a privacy case involving Google to consider making it harder for companies to settle class-action lawsuits without providing direct compensation to those affected. The ...
With $3.6B in Global Cat Bond Issuance for Q1, Another Record Is Broken
Global catastrophe bond issuance broke a first-quarter record, come in at nearly $3.6 billion for Q1 2018 as the market expanded into new areas, Aon Securities said in its latest report. The $3.58 ...