International
EU Will Grant Consumers More Powers to Sue Companies
The European Union plans more powers for consumers to sue firms such as Volkswagen after the Dieselgate scandal showed the limits of consumer protection authorities to curb corporate cheating. ...
Sompo International Retail Insurance Platform Will Integrate International Businesses
Sompo International Holdings Ltd. is launching a retail platform designed to integrate all the operations of Sompo Holdings Inc. outside Japan. Sompo Holdings has 45 licensed entities spanning 32 ...
Global Natural Catastrophe Insured Losses Hit Record $144B in 2017: Swiss Re
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Terrorism Insurance Still a Stable Market Even as Threats Evolve: Marsh Report
Terrorism insurance markets should remain stable even as threats rise and the types of attacks have continued to evolve. That's thanks to a nimble and proactive industry, Marsh asserts in a new ...
Britain’s Financial Watchdog Calls for EU Brexit Coordination
Britain's financial watchdog called on Monday for immediate coordination with European Union counterparts to ensure that Brexit is as smooth and stable as possible for markets. The Financial Conduct ...
Executives On The Move at Chubb, Sompo International and Tokio Marine HCC
Chubb made two executive appointments in its North America Insurance Operations. Sompo International, a Bermuda-based property/casualty specialty insurer and reinsurer, appointed two insurance ...
Chubb CEO Greenberg Sounds Off on NAFTA, China and ‘America First’
Chubb Chairman and CEO Evan Greenberg voiced dissatisfaction about the "America First" political direction of the United States and how it is causing damage to world trade and politics. "I am ...
Struggling Russian Insurers May Need Additional State Support, Lobbyist Argues
Russia's banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of ...