Norwegian general insurer Protector Forsikring has issued a £50.0mn ($64.6mn) preliminary estimate for its gross claims stemming from the Grenfell tower tragedy, indicating it expects a total loss to the policy
Axis shares have fallen just under 3 percent in morning trading in New York as investors react to the carrier's acquisition of London-listed Novae, announced late yesterday evening.
Newly appointed AIG chief operating officer Peter Zaffino is set to receive a one-off $15mn sign-on bonus from his new employer in lieu of compensation he has foregone from Marsh.
Fairfax has completed its $4.9bn takeover of Allied World after its share exchange offer to the Switzerland-headquartered carrier's investors closed yesterday
The EU's existing framework for recognising third-country regulatory regimes should be used for UK financial services groups seeking to do European business after Brexit, according to Financial Conduct Authority CEO Andrew Bailey.
The UK Prudential Regulation Authority (PRA) has said it expects all firms operating under the Solvency II regime to give "specific consideration" to their management of "silent" cyber exposures
