International
UK Business Leaders Want May to Seek Three-Year Brexit Transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardize "our collective prosperity." In a ...
Spitzer Fair Game in Ex-AIG Chief Greenberg’s Defamation Lawsuit: Appeals Court Ruling
Maurice "Hank" Greenberg, former chief executive of American International Group Inc , may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New ...
Munich Re Warns Harvey, Irma Storms Could Erase Q3 Profit, Challenge 2017 Target
Munich Re, the world's largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company's ability to meet its full-year earnings ...
InsurTech Firms Often Help Traditional Reinsurers: JLT Re
A wave of InsurTech startups are entering the re/insurance market—but that's not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close ...
Munich Re Embraces Driverless Tech With Mobileye Partnership for Commercial Fleets
Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. ...
Name Change Coming for Sciemus With HSCM Bermuda Partnership
Sciemus, a Specialty Lloyd's MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and insurance-linked assets across all lines of business. The deal also ...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
The industry's Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry ...
Executives On The Move at AXIS Insurance, Starr Companies, Everest Re and JLT Re
AXIS Insurance tapped an Aspen Insurance veteran to be its new renewable energy underwriter. Starr Companies has a new global chief claims officer. JLT Re named a new executive in a key ...