How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore August 5, 2024 By Jonathan Saul A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously...
China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say August 5, 2024 Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it...
Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners August 2, 2024 Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 2, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses August 2, 2024 By Bei Hu and Kiuyan Wong AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money...
Tesla Registers Insurance Brokerage in China, National Corporate Database Shows August 2, 2024 Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database,...
Suspected Chinese Hackers Hit Taiwanese Research Center August 2, 2024 By Charles Gorrivan A hacking group believed to be linked to the Chinese government stole passwords and documentsfrom a Taiwanese government-affiliated research center...
BNP Paribas in Talks to Buy AXA Investment Managers for €5.1 Billion August 2, 2024 By Mathieu Rosemain BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at...
Howden to Acquire Allianz UK’s Musical Insurance Book August 1, 2024 Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz...
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany August 1, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in...