Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance December 15, 2020 Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority...
Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters December 15, 2020 By Foo Yun Chee BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments December 15, 2020 Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions...
Insurers, Regulators Warn About Safety of Jets Reactivated After Pandemic Storage December 15, 2020 By Jamie Freed SYDNEY – Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage...
UK Insurer LV= to Sell Savings, Retirement Businesses to Bain Capital for $707M December 15, 2020 LONDON — Mutual insurer Liverpool Victoria Financial Services (LV=) has agreed to sell its savings & retirement and protection businesses...
German Insurtech Startup Wefox Expects Profitable 2021 December 15, 2020 By Douglas Busvine BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable...
Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield December 15, 2020 By Laura Litvan and Erik Wasson A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by...
California Seeks Court Help With Investigation of Amazon Coronavirus Policies December 15, 2020 By David Shepardson California Attorney General Xavier Becerra on Monday petitioned a court to force Amazon.com Inc. to comply with outstanding subpoenas over...
Insurance Office of America Adds Dominguez in Western Region December 15, 2020 Insurance Office of America has added Alex Dominguez to its Western region team. Dominguez joins the San Diego, Calif., branch...
Suspected Russian Cyber Espionage Has U.S. Government, Businesses Scrambling December 15, 2020 By Joseph Menn, Raphael Satter and Jack Stubbs The U.S. Department of Homeland Security and thousands of businesses scrambled Monday to investigate and respond to a sweeping hacking...