International
Lloyd’s Has Paid Claims of $1.7B for Hurricanes Harvey, Irma & Maria—So Far
The Lloyd's market has paid claims worth $1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year, Lloyd's estimated a total commitment of $4.8 billion for the three ...
Apple and Qualcomm Accuse Each Other of Patent Infringement
Apple Inc on Wednesday filed a countersuit against Qualcomm Inc, alleging that Qualcomm's Snapdragon mobile phone chips that power a wide variety of Android-based devices infringe on Apple's patents, ...
Guy Carpenter Chairman Newhouse Will Retire at Year-End
Guy Carpenter Chairman Britt Newhouse is retiring at the end of 2017, a company spokesperson has confirmed. Newhouse has been chairman of the reinsurance broker/strategic advisory firm since 2008. ...
Trump Pushes NAFTA to Limit Liability of Internet Firms Including Google, Facebook
The Trump administration is pushing to add legal protections in the North American Free Trade Agreement (NAFTA) that would limit the liability of internet giants such as Google and Facebook, marking ...
Faced With Brexit, European Banks Trim Exposure to UK Assets
European banks pared their exposure to Britain in the aftermath of its vote to quit the European Union, slashing their U.K. assets by $425 billion in the span of a year. The decline was driven by a ...
Neon Names MS Amlin Veteran Heppel as New CFO
Neon, the specialist Lloyd's insurer, has a new chief financial officer. Richard Heppell took on the position as of Nov. 20. Previously, Heppell was CFO at MS Amlin, where he oversaw the complex ...
Ascot Re Begins in Bermuda; Berger Appointed as CEO
Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd. after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re has received an additional injection of $1 billion of funds and ...
Chubb Takes Deeper China Dive Through Multiyear Partnership Agreement
Chubb signed a 10-year strategic cooperation deal with a Chinese insurer that lets it take a deeper dive into China's market. The agreement is with PICC Property & Casualty Company of China., and ...