International
Swiss Re, Generali, Gulf Re Execs Tapped to Lead Aspen’s Dubai Expansion
Aspen Insurance Holdings Ltd. hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa. Peter Thompson, formerly of ...
BMW Debuts ReachNow Car-Sharing Service in Seattle; U.S. Expansion Eyed
Germany's BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. ...
Ironshore Acquires Remainder of Tennessee Surety Bond Specialist
Ironshore Inc. is diving deeper into the surety market with plans to buy up the remaining 80 percent of an insurance holding company specializing in surety bonds that it doesn't already own. The ...
European Insurance Industry Fintech Upgrades Threaten Thousands of Jobs
The rush is on to replace people with software in Europe's insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is ...
Lloyd’s America Chief Sells Benefits of E&S Sector to Students and Execs
If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry. That's according to Hank Watkins, president of Lloyd's America, ...
M&A Deals Fuel Continued Surge in Transactional Risk Insurance: Marsh
M&A deals spurred a double-digit jump in the use of transactional risk insurance in 2015 as players on both sides sought to limit risk and improve deal terms, Marsh has found. Marsh's mergers and ...
Allianz Will Unload South Korea Life Operations onto China’s Anbang Insurance
Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE's operations in South Korea. The Chinese ...
Swiss Re Expects Catastrophe Reinsurance Prices to Keep Falling
Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to ...