insurance News
Brexit May Adversely Effect Legions of Insurance Liabilities, Bank Contracts Without Fix
As far as Brexit headaches go, Barclays Plc's John McFarlane says that while his bank is on top of job relocations, he's more concerned about rewriting "hundreds of thousands" of contracts. He's not ...
Late 2017 Hurricanes Could Spur 2018 Insurance M&A Spree: Clyde & Co. Prediction
Hurricanes Harvey, Irma, Maria and Nate broke records in late 2017 in terms of damages and insured losses. The strains they have caused on the marketplace could spur a wave of M&A activity a ...
Chubb’s Estimated Q4 California Wildfire Losses Surpass $200M
California wildfires from earlier this fall will likely slam Chubb with sizable fourth-quarter catastrophe lost costs. Those numbers are significantly lower, however, than the insurer's Q3 hits from ...
Everest Re CEO Addesso Gains Contract Extension Through 2019
Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, ...
Brexit Drives British Ship Insurer North to Establish Dublin Subsidiary
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to ...
‘Brexit Bill’ Proposal Likely From Britain Before December EU Summit
Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on ...
Can Breakfast Restart Brexit Talks? Stay Tuned
British Prime Minister Theresa May will try to unblock Brexit negotiations over breakfast with her Irish counterpart Leo Varadkar on Friday as she battles to persuade European leaders to allow talks ...
Britain’s Legal & General Is Expanding Into Japan
British's third-largest insurer, Legal & General, is launching an operation in Japan to offer company pension scheme insurance and investment management, Chief Executive Nigel Wilson said on ...