Bain Capital Makes Final Pitch for UK Mutual Insurer LV= November 30, 2021 By Benjamin Robertson Bain Capital has made a final pitch to members of British insurer LV= to back its takeover bid, after a...
China Sets Rules to Protect Drivers’ Rights in Ride-Hailing Industry, Requiring Insurance November 30, 2021 BEIJING – China outlined new rules on Tuesday to safeguard the rights of drivers in its giant ride-hailing industry, requiring...
Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People November 30, 2021 By Adam Haigh Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had...
Owners of Thai Insurer Syn Mun Kong Explore Sale of Majority Stake November 30, 2021 By Bloomberg News The controlling shareholders of Thai insurer Syn Mun Kong Insurance Pcl are exploring the sale of a majority stake in...
Definity Financial’s CEO Plots Acquisitions After Insurer’s Canadian IPO November 29, 2021 By Kevin Orland Definity Financial Corp., the 150-year-old insurer that held its initial public offering [on Nov. 17], will look to use its...
Moody’s Analytics Launches Asset-Liability Management Tool for Insurance Investment November 29, 2021 Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool...
Chubb Promotes Rayan and Edey for Consumer Lines Distribution and Financial Lines, Respectively; Hiscox Hires Hartford’s Pearsall as Line U/W for D&O November 29, 2021 This edition of International People Moves, covers two promotions at Chubb and a new hire at Hiscox. A summary of...
As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best November 29, 2021 European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory...
Activist Group Calls on Insurers to Sue Oil Companies for Climate Damages November 29, 2021 By Tom Sims FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related...
Travelers Weigh Canceling, Delaying Trips as Countries Tighten Rules on Omicron Fears November 29, 2021 By Jamie Freed and Chen Lin SYDNEY/SINGAPORE – Some would-be travelers are considering canceling or delaying trip plans in response to fresh curbs prompted by the...