News
Insurance
The insurance industry opposes ideas put forward in a European Commission consultation to either transfer some conduct of business powers from the European Insurance and Occupational Pensions Authority (EIOPA) to the European Securities and Markets Authority and/or to merge EIOPA with the European Banking Authority. 17 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit 150 countries are expected to become more frequent and expose the cyber protection gap in the global economy, according to experts. 15 May 2017
Insurance
American International Group (AIG) has officially announced Brian Duperreault as its new president, CEO and director. 15 May 2017
Insurance
Premium and/or rate reductions have slowed and in some cases are no longer obtainable in the aviation market, according to the May 2017 JLT aviation newsletter ‘Plane Talking’. 15 May 2017
Insurance
The retail international division and the property/casualty (P&C) reinsurance segment boosted growth of Hannover Re parent Talanx in the first quarter of 2017. 15 May 2017
Insurance
German insurer Allianz has reported an increase in operating profit for the first quarter of 2017 despite a rise in large losses and a “higher than expected” charge from the UK’s Ogden personal injury discount rate change. 12 May 2017
Insurance
Skuld, a protection and indemnity (P&I) club for Scandinavian shipowners grew profitability in the 2016 financial year ending February 20, 2017 as the frequency of regular claims remained low and due to a “strong” return on investments. 12 May 2017
Insurance
Re/insurance broker Jardine Lloyd Thompson (JLT) has appointed Mike Mortlock as a partner within the professional indemnity team to strengthen its newly-established legal practices group. 12 May 2017
Insurance
XL Catlin’s insurance operation in Iberia has officially launched its accident and health (A&H) insurance solution for the Spanish market. 12 May 2017
Insurance
Bunker, a San Francisco-based digital business insurance platform, has officially launched operations after having raised $6 million in a Series A funding. This follows less than a year after announcing a $2 million seed round and launching in beta version. 12 May 2017
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