International
Executives On The Move at Liberty Mutual, JLT Re, and More
Liberty Mutual named three executives to leadership roles within its Commercial Insurance strategic business unit. JLT Re hired a Swiss Re executive to fill a strategic role. Aon Benfield made ...
BP Will Settle $175M in Oil Spill-Related Shareholder Claims
BP Plc agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in ...
A British EU Exit Could Kill 34,000 London Jobs, IUA Warns
A British exit from the European Union would cause grave damage to the London market and the loss of thousands of jobs, according to a position paper from the International Underwriting Association ...
Eastern Canadian Province Slaps 15% Sales Tax on Insurance Policies
The eastern Canadian province of Newfoundland and Labrador is imposing a new 15 percent retail sales tax on home, auto and business insurance policies. Effective July 1, 2016, all new or renewing ...
U.S., Other Business Groups Say China’s Cyber Rules for Insurers Go Too Far
Controversial cyber security regulations for China's insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade ...
U.S., EU Talks on Covered Agreement Continuing
Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a ...
Aspen, Zurich and Markel Announce Political Risk Hires
Aspen Insurance, Zurich and Markel Corp. have been filling the ranks of their Surety, Credit & Political Risk units. Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has ...
Environmental Watchdog Says Canada Must Do More to Mitigate Climate Disasters
The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover ...