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New Starr unit gets 'A' rating from Best

By: Sarah Veysey

Published August 09, 2016 - 9:29am CST

A.M. Best Co. Inc. has assigned an A financial strength rating to Starr International (Europe) Ltd., it said Monday.

How to handle growing threat of political risk

By: Rob Lenihan

Published August 08, 2016 - 3:09pm CST

RIMS says risk managers must be able to function in a potentially unstable global business environment.

Insurance-linked securities sink in second quarter

By: Rob Lenihan

Published August 04, 2016 - 12:33pm CST

After a record-breaking start to the year, the insurance-linked securities market took a downturn in the second quarter, Swiss Re Ltd. said Thursday, pulling in just $800 million for the smallest second quarter since 2011.

Political risk insurance binder launched

By: Joyce Famakinwa

Published August 03, 2016 - 2:11pm CST

Talbot Underwriting Services (US) Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has launched a New York-based political risk insurance binding authority.

European insurers put investment mix under a microscope

By: Sarah Veysey

Published August 03, 2016 - 8:56am CST

Most European insurers are examining changes to their investment mix to adapt to the adverse investment climate, which includes record-low interest rates that challenge the earnings and capital adequacy of insurers, Standard & Poor's Corp. said Wednesday in a report.

Gallagher picks up benefits consultant and broker

By: Rob Lenihan

Published August 01, 2016 - 1:48pm CST

Arthur J. Gallagher & Co. said Monday that it has acquired employee benefits consultant and broker Orb Financial Services Ltd. in Surrey, England.

Truth suffers collateral damage

By: Mark A. Hofmann

Published July 31, 2016 - 12:01am CST

Legal experts are divided over the impact of a ruling by the United Kingdom's highest court that insurers must pay a claim despite a policyholder's false statement supporting that claim.

Ireland jails three top bankers over 2008 banking meltdown

By: Thomson Reuters

Published July 29, 2016 - 10:47am CST

(Reuters) — Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled the country's economy.

Aetna-Humana on again?

Published July 29, 2016 - 9:02am CST

Business Insurance week in pictures starts off with hope for the Aetna-Humana merger and ends with Han Solo's alter ego.

Marsh & McLennan posts higher revenue, profit

By: Mark A. Hofmann

Published July 28, 2016 - 12:25pm CST

Marsh & McLennan Cos. Inc. posted $3.38 billion in revenue in the second quarter of this year, a 4.7% increase from that of the same period a year earlier, Marsh & McLennan announced Thursday.

Risk and insurance segment boosts Jardine Lloyd Thompson revenue

By: Gloria Gonzalez

Published July 26, 2016 - 2:53pm CST

Jardine Lloyd Thompson Group P.L.C. on Tuesday said it saw revenue grow 4.7% in the first half of 2016 to 619.4 million ($811.8 million) compared with the first half of 2015.

Claims manager acquires technical medical assistance provider

By: Joyce Famakinwa

Published July 26, 2016 - 2:24pm CST

Insurance and claims management firm Charles Taylor P.L.C. said Tuesday it has acquired Chichester, England-based Cega Group Services Ltd.

Hartford to sell property/casualty insurance runoff units

By: Joyce Famakinwa

Published July 26, 2016 - 11:31am CST

Catalina Holdings has agreed to buy Downlands Liability Management and Hartford Financial Products International.

The force awakens and admits to Star Wars safety breach

Published July 26, 2016 - 11:07am CST

Foodles Production admitted to health and safety breaches following a 2014 accident that crushed actor Harrison Ford's leg.

Insurer must pay despite lies in claims documents

By: Mark A. Hofmann

Published July 25, 2016 - 12:55pm CST

The United Kingdom's highest court has ruled that insurers still must pay a claim despite a false statement supporting the claim.

Specialty insurer appoints chief commercial officer

By: Joyce Famakinwa

Published July 25, 2016 - 11:41am CST

Insurer and reinsurer Sompo Canopius A.G. on Monday named Paul Kedney chief commercial officer, a newly created role.

Lloyd's insurer may establish E.U. arm to weather Brexit

By: Thomson Reuters

Published July 25, 2016 - 9:51am CST

Reuters — Lloyd's of London underwriter Hiscox Ltd. said it would consider setting up an E.U.-based insurance company to weather the possible effect of Britain's decision to leave the European Union, sending its shares to an all-time high.

After 'Brexit' vote, Beazley unit seeks E.U. licenses in Ireland

By: Thomson Reuters

Published July 22, 2016 - 8:37am CST

Beazley is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the E.U.

Soccer club's stadium gets boost from insurer Allianz

Published July 21, 2016 - 10:01am CST

Austrian soccer club SK Rapid Wien has opened its 2016-17 campaign under the benevolent embrace of Munich-based insurer Allianz S.E.

Driverless cars could impact insurers

By: Thomson Reuters

Published July 20, 2016 - 10:48am CST

As Internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt.

Slumping investment firm snatches Man Group's co-CEO

By: Thomson Reuters

Published July 20, 2016 - 9:45am CST

(Reuters) — Pacific Investment Management Co. has poached Emmanuel ‘Manny’ Roman from Man Group P.L.C., the world’s biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014.

Tokio Marine Kiln launches online broker platform

By: Joyce Famakinwa

Published July 18, 2016 - 1:29pm CST

Tokio Marine Kiln on Monday said it has launched One TMK, a digital exchange for brokers to quote and bind policies online in real time with the specialty insurer.

Electronic platform completes deal on Day One of operation

By: Sarah Veysey

Published July 12, 2016 - 10:35am CST

The first risk was bound on the London Market Group’s electronic trading platform, the Placing Platform Ltd., on Monday, the London-marketwide body said.

The BI Top 10

Published July 08, 2016 - 10:22am CST

A dispute over TV show production delays and massive payouts for health insurers lead Business Insurance's top 10 most read features.

Gay police officers' engagement sparks offer of free wedding insurance

Published July 08, 2016 - 7:18am CST

A London broker reportedly claims to be the first full-service insurance provider for the U.K.'s gay and lesbian community.

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