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Banks strike record deals over dark pools

By: Thomson Reuters

Published February 01, 2016 - 11:06am CST

(Reuters) — Barclays P.L.C. and Credit Suisse Group A.G. have settled federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said on Sunday.

New CEO named for Bowring Marsh

By: Sarah Veysey

Published February 01, 2016 - 8:48am CST

Tom Davies has been appointed global CEO of Bowring Marsh, the international wholesale placement brokerage arm of Marsh L.L.C, the brokerage announced Monday.

Lloyd's developing cyber insurance standards

By: Judy Greenwald And Sarah Veysey

Published January 31, 2016 - 12:01am CST

Core data requirements devised by Lloyd's of London provide a critical first step in better underwriting and developing cyber risk models that will ultimately help the buyer.

UP CLOSE: Nicola Wood

Published January 31, 2016 - 12:01am CST

LONDON-BASED UNIT HEAD OF U.S. EXCESS CASUALTY

Week in pictures

Published January 29, 2016 - 9:38am CST

While the East Coast was buried in snow, AIG and Zurich made moves to dig themselves out. That and more in Business Insurance's week in pictures.

HSBC says Internet banking services down after cyber attack

By: Thomson Reuters

Published January 29, 2016 - 8:07am CST

The service outage was the second suffered by Europe's largest lending firm this month, and was caused by hackers attempting to disrupt business via significant online activity.

Willis Towers Watson names senior leaders in United Kingdom

By: Joyce Famakinwa

Published January 28, 2016 - 2:37pm CST

A company spokesman says all the appointments expand on the executives' previously held roles.

Biosimilar drugs get boost as U.K. cost agency backs their use

By: Thomson Reuters

Published January 26, 2016 - 12:47pm CST

(Reuters) — Cheaper “biosimilar” copies of expensive biotech drugs received a boost in Britain on Tuesday when the country’s health cost-effectiveness agency said patients needing such medicines “should be started with the least expensive drug”.

Chubb appoints Europe and Southeast region executives

By: Joyce Famakinwa

Published January 26, 2016 - 12:18pm CST

Chubb Ltd. rolls out its latest round of executive leadership appointments.

Zurich addresses losses, but planned changes may not be enough

By: Sarah Veysey

Published January 26, 2016 - 9:53am CST

Analysts remain pessimistic about the year ahead for the insurer.

RSA Insurance names chief risk officer for U.K., western Europe

By: Sarah Veysey

Published January 25, 2016 - 9:19am CST

RSA Insurance Group P.L.C. has appointed Doug Stewart to the newly created role of chief risk officer for the United Kingdom and western Europe, the insurer announced Monday.

Week in pictures

Published January 22, 2016 - 9:04am CST

Insurer earnings take the lead in the Business Insurance week in pictures.

Five charged in U.S. with stealing secrets from GlaxoSmithKline

By: Thomson Reuters

Published January 21, 2016 - 1:39pm CST

(Reuters) — Five people, including two scientists who did research for GlaxoSmithKline P.L.C., were charged with a scheme to steal trade secrets from the British drugmaker for potential sale in China, according to indictments announced by the U.S. Attorney's Office in Philadelphia on Wednesday.

Axa Corporate Solutions nabs Aon exec as CEO

By: Joyce Famakinwa

Published January 21, 2016 - 12:10pm CST

Prior to his appointment at Axa, Rob Brown was CEO of Aon Risk Solutions across Europe, the Middle East and Africa.

Lloyd's names regional director for South Central U.S.

By: Joyce Famakinwa

Published January 20, 2016 - 11:56am CST

Lloyd’s of London said Wednesday that it has named Dallas-based Enya He regional director for its South Central U.S. region.

Zurich Insurance forecasts $100 million nonlife fourth-quarter loss

By: Sarah Veysey

Published January 20, 2016 - 9:07am CST

Zurich Insurance Group is taking a financial beating from Mother Nature.

Lloyd's chief risk officer surveys industry's 2016 landscape

By: Matthew Lerner

Published January 19, 2016 - 10:27am CST

Structural change driven by long-term trends, regulation and political risk top the concerns for Sean McGovern.

Lloyd's of London develops common core for cyber risks

By: Sarah Veysey

Published January 19, 2016 - 9:21am CST

The data requirements will help it track exposures and allow underwriters to create policies to better address the risks.

Conventional insurance cover for cyber risks a patchwork affair

By: Sarah Veysey

Published January 19, 2016 - 9:13am CST

Study by International Underwriting Association and law firm Norton Rose Fulbright exposes gaps because of the wide range of incidents.

U.K. storms wreak havoc for businesses

By: Sarah Veysey

Published January 17, 2016 - 12:01am CST

Many businesses in areas of the northern United Kingdom are facing insurance losses after a series of December storms caused widespread flooding across the region.

Week in pictures

Published January 15, 2016 - 11:35am CST

Blasts in Libya, China, Los Angeles and on the campaign trail top the Business Insurance week in pictures.

London insurer renews, expands property treaty catastrophe bond

By: Matthew Lerner

Published January 13, 2016 - 10:47am CST

Brit Ltd. on Wednesday said it has renewed its Versutus Ltd. catastrophe bond for 2016.

Photo buffs use Lloyd's building for risky snaps

Published January 13, 2016 - 10:47am CST

The Lloyd's of London building is synonymous with risk taking.

U.K. brokers plan flood insurance for small businesses

By: Thomson Reuters

Published January 12, 2016 - 10:08am CST

(Reuters) — British insurance brokers are working on ways to make flood insurance more affordable for small businesses, following criticism that a government-backed scheme launching this year focuses only on household insurance.

Commercial insurance rates to rise for flood-affected U.K. accounts

By: Sarah Veysey

Published January 12, 2016 - 9:33am CST

Companies affected by recent flooding in the United Kingdom will see significant increases in their commercial insurance rates, even though rates for U.K. buyers overall will fall in 2016 compared with 2015, according to PricewaterhouseCoopers L.L.P.

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