International
AmTrust Abandons Lawsuit Against Italian Ex-Broker Over Bribery Claims
Insurance firm AmTrust Financial Services Inc. has filed to voluntarily dismiss all of its claims against one of its former insurance brokers in Italy who AmTrust alleged bribed an arbitrator. The ...
Suit Would Force British PM to Consult Parliament Before Triggering Brexit
A lawsuit seeking to force Prime Minister Theresa May to consult parliament before beginning Britain's exit from the European Union will be taken "very seriously" and may reach the Supreme Court by ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
XL Catlin Seeks to Spur Africa Market Growth With New Reinsurance Unit
XL Catlin is hoping to spur growth of the insurance market in Africa with the establishment of a new unit focused on providing facultative and treaty reinsurance across the continent. "Traditionally ...
Fiat Chrysler Reportedly Under U.S. Justice Dept. Fraud Investigation
Fiat Chrysler Automobiles NV is under investigation by the U.S. Justice Department for fraud, according to people familiar with the matter. Prosecutors are scrutinizing whether the carmaker violated ...
The Hanover’s Lloyd’s/Chaucer Arm Expects 2016 Q2 Underwriting Loss
The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in ...
BP Deepwater Horizon Spill Liability Climbs to $61.6B
BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. The ...
Women Are Key to Advancing InsurTech Space
Women have a vital role to play in helping to build InsurTech companies. Eva Genzmer, head of corporate communications for Germany's Friendsurance argues as much in a recent company blog posting. ...
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...