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Insurance
French chemicals producer Arkema warned on Aug. 30 that its Crosby, Texas facility which makes organic peroxides is likely to explode and cause a subsequent intense fire. 31 August 2017
Insurance
Munich Re and Swiss Re may face the biggest losses from Harvey among the companies covered by Bernstein analysts, according to an Aug. 30 report. 30 August 2017
Insurance
Bermuda-based AXIS Capital Holdings said on Aug. 29 that Novae Group shareholders approved the terms of the acquisition offer which will form a global specialty re/insurer with gross written premiums in excess of $6 billion. 29 August 2017
Insurance
AXIS Capital Holdings said on Aug. 24 that it raised its cash offer to acquire Novae Group to £477.6 million, or 715 pence in cash for each Novae share. 25 August 2017
Insurance
The Association of British Insurers (ABI) said on Aug. 24 that the prospect of owners of off-road vehicles needing insurance is unnecessary, unworkable and unfair. 24 August 2017
News
Broker JLT said on Aug. 24 that its unit JLT Philippines signed a cooperation agreement with global reinsurer Munich Re to jointly develop and offer an insurance solution to cover typhoon/tropical cyclone risks for the Philippines. 24 August 2017
Insurance
Direct Insurance London Market, the Lloyd’s division of specialist broker Direct Insurance Group, has reached agreement to take on Alwen Hough Johnson’s Latin American facultative business and hire two of its senior executives as it targets growth in that region. 22 August 2017
Insurance
Munich Re Syndicate at Lloyd’s said on Aug. 21 that it has introduced an insurance solution to cover cyber exposure for the independent oil and gas sector. 21 August 2017
Insurance
Cyber insurance is increasingly becoming a growth driver for German commercial insurer HDI Global, according to CEO Christian Hinsch. 21 August 2017
Insurance
Lobby group Insurance Europe has responded to a European Commission call for evidence on the operation of collective redress arrangements in the European Union. 21 August 2017
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