Lloyd's of London insurers must continue paying up to £45 million ($60 million) in additional criminal defense costs for two former Petrofac executives due to stand trial on bribery charges, as the Court of Appeal dismissed their bid to avoid the policy.
Lloyd's of London insurers must continue paying up to £45 million ($60 million) in additional criminal defense costs for two former Petrofac executives due to stand trial on bribery charges, as the Court of Appeal dismissed their bid to avoid the policy.
The government of Ireland confirmed that new laws had gone into effect on Thursday that require insurance companies to disregard the medical history of cancer survivors seeking mortgage protection cover.
More than half of the complaints about travel insurance referred to the Financial Ombudsman Service in the last financial year concern claim denials, the U.K.'s financial arbitration body has said.
Insurance giant Aviva has taken on £90 million ($120 million) in pension liabilities from a section of a retirement savings plan sponsored by transport provider FirstGroup in a deal steered by Stephenson Harwood LLP, advisers on the deal said Thursday.
Actuarial consultant Lewis & Ellis Inc. has said it has acquired specialized insurance consultant Alan Gray from insurer Premia Holdings Ltd. to expand beyond its traditional actuarial consulting business and become a broader insurance services platform.
