International
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 ...
France’s AXA Unloads SunLife Arm, Reveals New Management Team
AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in ...
In China, Mutual Insurance Companies Are Slow to Start
China's attempt to spur the launch of mutual insurance companies has gotten off to a very slow start. Approximately 18 months after issuing regulations intended to spur growth of mutual insurers, ...
Arab Bank Settlement Over Militant Attacks Linked to U.S. appeal
Arab Bank Plc's agreement to settle litigation brought by Americans who accused it of facilitating militant attacks in Israel is linked to the outcome of an appeal of a jury's 2014 verdict finding it ...
Emerging Risks to Watch: Neutraceuticals, a Fragmented Internet and Blockchain Challenges
A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re's latest roundup of emerging risks to watch out for. Beyond ...
Executives On The Move at Everest Re, Beazley and Ironshore
A former AIG executive will lead a new business unit at Everest Re. Beazley is expanding its U.S. environmental liability insurance team with a number of new executive hires. Ironshore promoted a ...
London Market Risks Casualty Reserve Shortfall: PwC
There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC's London insurance/reinsurance market review of reserve adequacy. PwC ...