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Insurance
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” of Spain-based Mapfre Re. Mapfre Re is a subsidiary of Mapfre, the non-operating holding company of the Mapfre group. 7 September 2018
Insurance
Qatar Insurance Company (QIC) has reported a small increase in its profits last year but a big hike in its gross written premiums driven by its continued geographical expansion. 21 January 2016
Insurance
Ransomware is the most prevalent variety of malicious software and attacks doubled since 2017, according to Verizon’s 2018 Data Breach Investigations Report (DBIR). 10 April 2018
Insurance
Broker Brown & Brown is acquiring the insurance operations of Minneapolis-based Hays Companies, a brokerage firm that operates across 21 US states. 23 October 2018
Insurance
Hyperion Risk Solutions (HRS), a Cayman Islands' independent specialty broker, which operates in conjunction with Syndicate 779 at Lloyd's, has launched a new facility. 11 August 2014
Insurance
Aviation insurers must be prepared to sacrifice market share if they are to achieve a return to profitability, Patrick Cove, head of global aviation at Sompo International Reinsurance, told Baden-Baden Today. 23 October 2018
Insurance
Chicago-based commercial insurer CNA has appointed Michael Costonis as its new chief operations officer (COO), responsible for leading all information technology, analytics and operations functions across the organisation. 5 September 2018
Insurance
AM Best has warned that uncertainty as to the UK’s future trading relationship with the EU has increased following the vote in the House of Commons on Jan. 15, 2019, rejecting the deal terms agreed with the EU by Prime Minister Theresa May’s government. 17 January 2019
Insurance
The UK’s vote to leave the European Union will be the biggest event that 2016 will be remembered for with many market commentators citing the uncertainly it triggers as a big problem for the industry with a long and protracted negotiation process detailing the terms of exit proceeds. 29 December 2016
Insurance
People's Insurance Company of China (PICC) has partnered with Shanghai-based blockchain platform VeChain and risk management firm DNV GL to create new blockchain insurance solutions aimed at bringing digital transformation to the insurance industry. 3 September 2018
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