insurance News
Berkley Chairman: Brexit Risks Addressed With Liechtenstein Office
W.R. Berkley Corp.'s legendary chairman said that the insurer should see limited impact following the United Kingdom's vote to pull out of the European Union, due in large part to a risk management ...
The Hartford Will Sell U.K. P/C Runoff Subsidiaries to Catalina
The Hartford has found a buyer for its U.K. property/casualty runoff subsidiaries, capping a process that began in 1993. Catalina Holdings UK Ltd. will buy the insurer's Downlands Liability ...
British Foreign Secretary Assures Financial Firms They’ll Keep EU Rights
British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain's exit from ...
Brexit Fallout: Beazley Seeks EU License For Irish Reinsurance Business
Lloyd's of London's Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd's loses access to ...
Fintech Startup Gets German Banking License; Insurance Offerings Planned
N26, a Berlin startup that offers financial services directly to consumers, said Thursday it's received a German banking license that will let it offer a fuller range of products across Europe. The ...
Counts Reduced Against Group Charged in BP Oil Spill Fraud Case
A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil ...
Insurers Will Gain by Innovating for the Internet of Things
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, ...
N.J. Using $200M in Breaks to Lure Insurance, Tech and Financial Firms
New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan. One applicant, Ernst & ...