Archive for January 2016

JPMorgan Chase & Co. warned financial-services firms from banks to insurers could pull jobs out of the U.K. in the event of Britain voting to leave the European Union. Financial services would feel the “negative impact of Brexit” most, which could “result in … Read More Read more here:: Insurance Journal       

Tighter construction restrictions and incentives to build outside flood-prone areas would minimize damage to the U.K. economy from heavy rain and rising water levels, according to the Centre for Economic Performance. Thousands of families across northern England and Scotland have … Read More Read more here:: Insurance Journal       

While it may seem like the property/casualty insurance industry has been in a soft market for a long time, it’s actually only been four months, according to one brokerage executive who tracks pricing every quarter. Once again the composite rate … Read More Read more here:: Insurance Journal       

More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, China’s insurance regulator said. The new firm, China Insurance Investment Ltd., will … Read More Read more here:: Insurance Journal       

A former partner at consulting firm McKinsey & Co has been arrested on charges that he engaged in a scheme to submit fraudulent invoices and expenses to the company and clients, including State Farm, for more than $890,000. Navdeep Arora, … Read More Read more here:: Insurance Journal       

A magnitude 6.7 earthquake hit northeast India near its border with Myanmar and Bangladesh on Jan. 4 at 4:35 a.m. local time, about 29 kilometers (18 miles) northwest of Imphal, the capital of Manipur state, according to catastrophe modeling firm … Read More Read more here:: Insurance Journal       

Guy Carpenter & Co. announced the appointment of Matthias Meyenhofer as managing director to lead the firm’s Global Partners client segment for EMEA, effective immediately. He will be responsible for improving and expanding the range of services provided to large … Read More Read more here:: Insurance Journal       

The majority of big British businesses that favor Britain remaining in the European Union has dwindled over the last six months, according to a quarterly survey of chief financial officers published on Monday. Accountancy firm Deloitte said 62 percent of … Read More Read more here:: Insurance Journal       

Revenues and earnings for public U.S. insurance brokers are likely to modestly improve in 2016 relative to levels reported through nine months of 2015, according to Fitch Ratings’ 2016 U.S. Insurance Broker Outlook report. The ratings agency said near-term operating … Read More Read more here:: Insurance Journal