reinsurance News
EU Leaders Push May to Offer More in Brexit Talks
European leaders pushed Theresa May to offer more in Brexit talks while also encouraging the British prime minister to aim for a December deadline to move negotiations on to trade. German Chancellor ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...
UK, EU Clash Over Blocked Brexit Talks
Britain and its European Union partners clashed on Monday over which side should make the next move to unblock Brexit talks, despite concerns they will miss a deadline for a divorce deal and that ...
Hurricane Nate’s Insured Losses Will Reach Close to $500M: Karen Clark & Co.
Hurricane Nate will likely cause close to $500 million in insured losses, according to a flash estimate from catastrophe modeling form Karen Clark & Co. While the number is not insignificant, it ...
Lloyd’s Signs Global AI Deal With Expert System
Lloyd's of London wants to infuse artificial intelligence technology into the daily business it does with its customers. The world's largest insurance market signed a global deal with Expert System ...
Oil Rigs in Path of Tropical Storm Nate
Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South. Nate ...
Expect an Historic Q3 in Terms of Natural Disaster Costs: Impact Forecasting
As bad as September was in terms of natural disasters and the resulting costs, the 2017 third quarter as a whole could be positively historic as a result. A new report from Aon Benfield's Impact ...
Brexit Transition Deal Needed by Christmas, Bank of England Official Warns
Britain's banks need a watertight Brexit transition deal by Christmas to avoid a potentially disorderly shift of people and operations to the European Union, a top Bank of England official said on ...