Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer. “Storing physical cash as an alternative to paying …
Chubb announced the leadership of its property & casualty (P/C) risk engineering team in Europe, all effective immediately. Paul Brooke, formerly head of property risk engineering, UK and Ireland for legacy ACE, will serve as head of P/C risk engineering …
Britons were voting on Thursday on whether to stay in the European Union in a referendum that could change the face of Europe and is being nervously watched by financial markets and politicians across the world. A British exit, or Brexit, would …
Specialist Lloyd’s insurer Neon, formerly known as Marketform, has appointed Mireille Dolonen as Marine & Offshore Construction underwriter. With over 20 years of experience in the Marine & Offshore Construction space, Dolonen “will bring a wealth of expertise to Neon and …
A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance Act, due to take effect …
Global Indemnity plc announced that its board of directors unanimously approved a plan to redomicile from Ireland to the Cayman Islands. Shareholders will be asked to vote in favor of completing the reorganization proposal at a special shareholders meeting. If …
AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the project because we …
Among all financial products, bancassurance perhaps comes closest to fitting Einstein’s theory of insanity: Insurers have been conducting the same sorry experiment again and again, expecting different results. Right now, it’s Asia’s turn to be gripped by madness as firms …
American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock. “If a Brexit occurs, I suspect we will need a …
Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an ” outlier” for its aggressive use of strategies that were …