International
Solvency II Is Boosting Reinsurance Demand, 1/1 Renewals Show
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings ...
The Latest Launches From Hiscox and Markel
A division of Hiscox is adding and expanding coverage for media and creative industries. Markel plans to join the surety market, with an initial rollout in the UK, Ireland and continental Europe. *** ...
Former Willis Towers Watson Exec Joins JLT Specialty USA Cargo Team
A former Willis Towers Watson executive is joining JLT Specialty USA as senior vice president. Jim White, a 34-year-industry veteran, will work with JLT's global Cargo team, with a focus on expanding ...
Insurer/Investor Group Urges G20 Economies to Phase out Fossil Fuel Subsidies
Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about ...
Insurance Software M&A: Sapiens to Grab StoneRiver for $102M
Sapiens International Corp. has agreed to snatch up StoneRiver Inc. for $102 million in cash – one of the larger recent acquisitions in the insurance software and services space. Plans call for ...
Lloyd’s CEO Beale Sees Insurance Opportunities in Trump Trade Threats
Lloyd's of London Chief Executive Officer Inga Beale said Donald Trump's presidency and the U.K.'s planned exit from the European Union are creating opportunities to sell insurance guarding ...
AIG Loses $3.04B in Q4, Slammed by Higher-Than-Expected Claims Costs
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain ...
Flood Risk Catastrophe Modeler Launches U.S. Office
JBA Risk Management, a provider of flood risk catastrophe modeling information in the UK, Canada and elsewhere, has launched a California-based U.S. office. "We are thrilled to be expanding our ...