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News – Insurance Journal

International Olympic Committee Signs Allianz as Sponsor from 2021 to 2028
The International Olympic Committee (IOC) says insurance company Allianz signed as a worldwide sponsor from 2021 through the 2028 Los Angeles Olympics. The value of the deal, which includes becoming a partner of the Paralympics, was not given. The IOC …

POSTED SEPTEMBER 20, 2018 10:31 AM
India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co. Ltd., …

POSTED SEPTEMBER 20, 2018 10:11 AM
Marsh Names Fraser as CEO, UK Corporate; Grogan Becomes Chairman of Marsh Ireland
Marsh announced the appointment of Alistair Fraser as CEO of its UK Corporate division. Fraser succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. Both appointments, which are subject to regulatory approval, are expected to take effect …

POSTED SEPTEMBER 20, 2018 9:43 AM
AXIS Capital Names O’Sullivan as CEO of AXIS Specialty Europe and AXIS Re
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board …

POSTED SEPTEMBER 20, 2018 8:28 AM
Members of Assn. of Bermuda Insurers & Reinsurers Provide $840M to Local Economy
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from …

POSTED SEPTEMBER 20, 2018 8:00 AM
Will Robots Take Your Job? It Depends on Where You Live: OECD
Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the …

POSTED SEPTEMBER 20, 2018 7:30 AM
Equifax Slapped with $658,000 Fine for Privacy Lapses After UK Cyber Attack
Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its …

POSTED SEPTEMBER 20, 2018 6:06 AM
Ayala Joins Alliant Employee Benefits Group in Oklahoma City
Alliant Insurance Services has added Brady Ayala as senior vice president in its Employee Benefits Group in Oklahoma City. Ayala will service a growing portfolio of regional clients, deploying a full range of benefits consulting solutions focused on strengthening operations …

POSTED SEPTEMBER 20, 2018 5:46 AM
Banks and Insurers Have Improved Their Cyber Defenses
Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms …

POSTED SEPTEMBER 20, 2018 5:00 AM
U.S. Home Price Appreciation in Highest-Risk Areas Outpaced Overall Rate Over Last Decade
Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of …

POSTED SEPTEMBER 20, 2018 5:00 AM

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