International
Insurers and Reinsurers Confront Brexit Cost Implications: A.M. Best
The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not ...
Bankers Believe Britain Will Back Gradual Brexit Transition for Financial Sector
Top bankers are confident that British Prime Minister Theresa May's government will support a transition period of several years for the financial sector to cope with Britain's exit from the European ...
Zurich to Slash 240 UK Jobs as Life, General Insurance Arms Combine
Zurich Insurance Group AG plans to slash about 240 jobs in the UK as part of broader efforts to bring its Life and General Insurance division under a single leadership team. Zurich disclosed the new ...
Executives On The Move at Allianz, CNA, SCOR and More
Allianz Global Corporate & Specialty promoted two executives. CNA appointed someone to lead efforts involving Commercial Underwriting for Errors & Omissions, Cyber and Media. SCOR made four ...
Davos Report Calls for Businesses to ‘Unlock’ $12 Trillion in Opportunities
Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including ...
Lloyd’s Considering 5 Locations for New Post-Brexit EU Subsidiary
Lloyd's of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain's exit from the ...
Britain to Make Clean Break with EU Market Under May’s ‘Hard Brexit’
Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world's largest ...
Berkshire Hathaway Wins Reinsurance License in Malaysia
Berkshire Hathaway Specialty Insurance announced that it has received a license to provide non-life reinsurance in Malaysia and has established a new office in Kuala Lumpur. "After putting down roots ...