International
Markel Moves to Build Trade Credit Business in Canada
Markel International, the specialist insurer and subsidiary of Markel Corp., is launching its trade credit and political risk business in Canada. Markel Canada will handle underwriting for this on ...
Endurance, With SOMPO as New Owner, Gets A.M. Best Ratings Upgrade
Endurance Specialty Holdings Ltd. got a financial ratings upgrade from A.M. Best and is no longer under review, based on positives the ratings agency sees after it was acquired by Japan's SOMPO ...
Fosun Co-Founder/CEO Resigning for Health Reasons; SVP Also Exiting
Fosun International Ltd , one of China's most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over ...
China’s Anbang Insurance and Kushner End Manhattan Tower Deal Talks
China's Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump's son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had ...
Brexit Has Officially Begun
Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the cohesion of ...
Global Insured Disaster Loss Events Climbed 43% in 2016: Swiss Re
Global insured losses from disaster events hit $54 billion in 2016, up 43 percent from the previous year, as countries around the world dealt with earthquakes, storms, floods, wildfires and other ...
Brussels or Luxembourg? Lloyd’s Will Reportedly Choose One as EU Hub
Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, ...
Cyclone Debbie Causes Australia Mass Evacuations, Mine Closures, Catastrophe Declaration
A powerful cyclone tore into Australia's northeastern coast on Tuesday, forcing thousands of people to flee, shuttering coal to gold mines and prompting insurers to declare a catastrophe. Cyclone ...