News
Britain’s Aviva Moves $10B Out of Country Due to Brexit Uncertainty
Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was "intensifying" as it joined other insurers and banks ...
APIW Names AXA XL’s Lyles as Insurance Woman of the Year
The Association of Professional Insurance Women (APIW) has announced that Kelly Lyles, chief executive, client and country management at AXA XL, has been selected as the recipient of the 2019 APIW ...
General Insurance Blues: AIG Ended 2018 With Another Money-Losing Quarter
American International Group's road to profitability continues to be both slow and challenging. High catastrophe losses in the fourth quarter presented yet another obstacle. The property/casualty ...
Suit Alleges Maiden Holdings Failed to Address and Disclose AmTrust Portfolio Risks
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. ...
Dispute With Insurers Cited By Talc Supplier Filing Bankruptcy
Imerys Talc America Inc., which supplies talc for products including Johnson & Johnson's baby powder, filed for bankruptcy protection in an effort to end nearly a decade's worth of lawsuits ...
Specialty Broker USI Insurance Services Will Snatch Up U.S. Risk Insurance Group
Dallas-based property/casualty program and specialty brokerage firm U.S. Risk Insurance Group (U.S. Risk) announced it has agreed to be acquired by USI Insurance Services (USI). The transaction is ...
Alleged China Hacking May Draw Coordinated EU Response
European Union member states are considering a possible joint response to cyber attacks allegedly conducted by a Chinese state-linked hacker group after the U.K. presented evidence last month about ...
EU Urges UK PM May to Endorse Permanent Post-Brexit Customs Union
European Union Brexit negotiator Michel Barnier said on Monday British Prime Minister Theresa May should endorse a permanent customs union with the bloc - as proposed by the opposition Labour party - ...