International
Marsh soon to launch $5bn senior notes offering to fund JLT acquisition
Marsh parent Marsh & McLennan has revealed the pricing structure of a $5bn senior notes offering, prior to the completion of its acquisition of JLT.
Nicholas Gartside to join Munich Re board of management as chief investment officer
JP Morgan Asset Management managing director, Nicholas Gartside is set to start as Munich Re’s chief investment officer on 18 March 2019.
Gable disputes £8.8m worth of claims in bankruptcy hearing
Failed unrated insurer Gable has disputed 100 claims totaling CHF 10.9m (£8.8m) in its first bankruptcy court hearing.
Besso faces near $10m lawsuit over ‘secret profits’ extracted by rogue former director
Exclusive: Besso is facing an almost $10m lawsuit from a group of hotel companies in the Caribbean, after an ex-director was alleged to have concealed brokerage.
Analysis: Jumping into 2019
2019 is sure to be mostly about Brexit but, as Sam Barrett explains, there will be other challenges and opportunities for insurers as well
Blog: The future landscape for AI claims around the world
Governments around the world are looking to regulate artificial intelligence and as Lee Gluyas, partner, and Stefanie Day, associate with law firm CMS, explain those that get there first will be the ones to benefit.
Updated: Mass leadership reshuffle to follow Marsh/JLT acquisition
Global broker Marsh has unveiled a ream of senior people moves, effective once the JLT deal has completed.
CBL shareholder in bid to save troubled firm from liquidation
CBL Corporation shareholder Oceanic Securities PTE has filed an opposition to the application to put the company in liquidation, leading to delays for the liquidation hearing.
Blog: How can insurers keep up when the future is being created every day?
Insurers will inevitably retain insurance as their core offering. But must act more like venture capitalists and develop innovation cultures to succeed according to Geoff Knott, director, Ninety Consulting
Ed unveils CEO Hearn’s replacement and plots Bermuda office
Andrew Draycott will take on the role of Ed Broking CEO once its acquisition by Besso owner BGC Partners is complete, while the specialty, wholesale and reinsurance broker has also revealed plans to open a Bermuda office.
CBL Corporation expected to be placed in liquidation, sees further delays to watershed meeting
The New Zealand High Court has granted a further application by CBL Corporation administrator Kordamentha to push back a watershed administration meeting to February 2019, though it is expected the corporation will be placed into liquidation.
Jacqueline Legrand steps down as Brokerslink CEO after less than a year
Brokerslink CEO Jacqueline Legrand has resigned from her post, effective immediately.
Analysis: Making mining work
The mining industry is facing a shrinking pool of project managers but improved project management software, what impact is this having on the industry and its insurers?
Former banking chief Garrad joins Axa PPP as healthcare CEO
Tracey Garrad, former HSBC Channel Islands and Isle of Man CEO, is replacing Keith Gibbs as Axa PPP healthcare CEO.
QBE's Chris Wallace on being prepared for Brexit
No one knows what Brexit negotiations will yield. However, Chris Wallace, executive director for European markets at QBE, says companies should be prepared for the opportunities the UK leaving the European Union can bring.
Wider sector may face similar scrutiny to 'too big to fail' insurers
In 2020 the International Association of Insurance Supervisors hopes to make key changes to how systemic risk in the insurance sector is measured and dealt with, in a move that could see more insurers face similar scrutiny to 'too big to fail' insurers…
IASB votes to push back IFRS 17 roll out
A consultation on pushing back IFRS 17 is expected, after the International Accounting Standards Board voted to postpone the implementation of the global accounting standards to 2022.
Hyperion takes on $115m of debt to fund further acquisitions
Hyperion is to continue on the acquisition trail, having raised $115m (£88.9m) through debt.
Blog: Insurance needs to re-skill its workforce
In a world where insurance processes are being automated, the industry needs to re-skill the next generation of workers, writes Brett Moffatt, managing director, Europe, Middle East and Africa, of Talent Intelligence.
Mike Brockman reveals plans for ‘next generation’ telematics
In his 38th year in the motor insurance market, former Insure the Box CEO Mike Brockman has global plans for his new “revolutionary” telematics and dash cam device. He met Post to reveal how Thingco’s ‘Theo’ works and how he’s determined to bring…
Review into CBL expected to ‘identify lessons’ for both the firm and the regulatory regime
The Reserve Bank of New Zealand has welcomed the liquidation of CBL Insurance and will be publishing a review into it next year.
John Doyle unveils Marsh-JLT Specialty
Marsh and JLT’s specialty operations will rebrand as Marsh-JLT Specialty once the acquisition has closed.
CBL Insurance placed into liquidation
CBL Insurance’s administrators had been working on a restructuring proposal, but the firm has been placed into liquidation.
Q&A: Matthew Avery and Graham Gibson, Thatcham
As cars move towards automation, Jen Frost spoke to Graham Gibson, chairman of Thatcham Research and Allianz’s chief claims officer, and Matthew Avery, director of insurance research at Thatcham Research, about how the UK research centre is working with…