Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said. Khazanah is considering an …
Two drivers took Uber to a British employment tribunal on Tuesday, arguing that the ride service is acting unlawfully by not offering rights such as holiday and sick pay, in a test case that could force the app to change …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has expanded its Northern European operations, appointing Ulrich Kremer as senior vice president, Claims, Northern Europe. Ulrich joins BHSI with nearly 16 years of experience as a lawyer and in the insurance …
Catastrophe modeling firm AIR Worldwide (AIR) has formed a global resilience practice, which aims to support risk reduction and resilience initiatives across the globe. These initiatives are aimed at developing solutions to aid society’s efforts to better prepare for and …
XL Catlin has established a new Reinsurance Unit focused on providing facultative and treaty reinsurance across Africa. Leading the team is Alex St James who has been appointed as head of Africa for XL Catlin’s Reinsurance operations. Additionally, XL Catlin …
How should an agent or broker approach selling travel medical insurance to those heading to Rio? The answer is simple: know what potential dangers they face, provide them with the information to reduce their risk, and in the event they …
The Obama administration’s top health official highlighted the importance of competition to insurance markets, as the Justice Department is poised to decide on two massive deals among four of the health-plan industry’s biggest players. Health and Human Services Secretary Sylvia …
Randall & Quilter Investment Holdings Ltd. has acquired Agency Program Insurance Co. (SAC) Ltd., a Bermuda-based segregated accounts captive company with 28 cells. London-based Randall & Quilter (R&Q) is paying $1.4 million in cash from existing resources to acquire APIC, …
Neon, the specialist Lloyd’s insurer, has appointed Andrew Dougall to the newly created role of executive underwriter, head of Casualty. Dougall joins Neon today, reporting to chief underwriting officer, Darren Lednor. Dougall will focus on enhancing Neon’s broker distribution and …
Tokio Marine Kiln (TMK) has launched “One TMK,” a digital exchange for brokers to quote and bind policies on-line in real time. The web-based platform has been developed to help brokers lower their transactional costs and significantly speed up the …