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Insurance
The insurance industry opposes ideas put forward in a European Commission consultation to either transfer some conduct of business powers from the European Insurance and Occupational Pensions Authority (EIOPA) to the European Securities and Markets Authority and/or to merge EIOPA with the European Banking Authority.   17 May 2017
Insurance
Australia’s QBE Insurance Group plans to invest up to A$50 million ($37 million) in insurtech companies in 2017, according to AM Best’s May 16 Asia-Pacific Weekly.   16 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit 150 countries are expected to become more frequent and expose the cyber protection gap in the global economy, according to experts.   15 May 2017
Insurance
Nirvana Risk Partners, an underwriting cell on Castel Underwriting Agencies' managing general agent (MGA) formation platform, has appointed Glenn Crickmar as underwriter to expand the team's specialist media, technology and cyber liability capabilities.   15 May 2017
Insurance
Italian insurer Generali has appointed Jean-Laurent Granier as country manager for France and président directeur général (PDG) of Generali France with effect from June 1, 2017.   15 May 2017
News
Gen Re, a Berkshire Hathaway company, is the latest reinsurer to receive approval (R3 license) from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai.   15 May 2017
Insurance
US-based global health service company Cigna Corporation has announced the termination of the merger agreement with insurer Anthem, demanding $15 billion damages but Anthem is unwilling to pay.   15 May 2017
Insurance
UK insurer Liverpool Victoria Friendly Society (LV=) has confirmed in a statement that it has recently received approaches from a number of parties regarding possible strategic transactions relating to its general insurance operations.   15 May 2017
Insurance
The retail international division and the property/casualty (P&C) reinsurance segment boosted growth of Hannover Re parent Talanx in the first quarter of 2017.   15 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit several organisations such as the UK’s health care system NHS and Spain’s telecoms firm Telefonica are expected to become more frequent and expose the protection gap in the global economy, according to experts.   15 May 2017

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