insurance News
Hurricane Maria Aftermath: Carriers Leave 13,600 Unresolved Claims a Year After Storm
Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...
UK PM May Urges Lawmaker Backing as Brexit Talks Reach Final Stages
Prime Minister Theresa May urged restive lawmakers to back her in the final stages of Britain's exit from the European Union, saying talks were in their most difficult phase even if a deal was close. ...
UK PM May Reportedly Bends on Brexit Border Demand
U.K. Prime Minister Theresa May is said to be ready to ditch one of her key Brexit demands in order to resolve the vexed issue of the Irish border and clear the path to a deal, according to people ...
An Extended Brexit Transition Could Ease Deadlocked Negotiations: UK PM May
U.K. Prime Minister Theresa May said she is weighing a plan that would keep the U.K. bound to European rules for longer, in an attempt to break the deadlock in talks. May confirmed on Thursday that ...
Brexit Hasn’t Diminished London’s Ability to Attract Finance Sector Investment
Britain's financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corporation said on Wednesday. ...
Neal Begins Stint as Lloyd’s CEO
New Lloyd's CEO John Neal officially took the reins of the specialist insurance and reinsurance market on Oct. 15. Neal, a 30-year insurance industry veteran, was most recently group CEO of QBE ...
Lloyd’s Pledges to Pay All Valid Claims if Hard Brexit Takes Place
Lloyd's said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd's Brussels, before the end of 2020 via a Part VII transfer. Part VII transfers, in ...