Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources September 28, 2021 By Jan-Henrik Förster and Stephan Kahl Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with...
UK Accounting Firm Grant Thornton Fined for Audit of Café Chain Patisserie Valerie September 28, 2021 Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in...
Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils September 28, 2021 By Susanne Sclafane Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected...
UN Launches Disaster Insurance Program for Developing Countries September 28, 2021 The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide...
Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders September 27, 2021 By Gianluca Semeraro and Claudia Cristoferi The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition...
Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage September 27, 2021 Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a...
Generali CEO Donnet Faces Key Test in Face of Opposition From 2 Leading Investors September 27, 2021 By Gianluca Semeraro and Claudia Cristoferi Generali Chief Executive Philippe Donnet’s future at Italy’s biggest insurer faces a key test on Monday at a meeting of...
Markel Offers Accelerated Return of Capital to Investors in 2 CATCo Funds in Runoff September 27, 2021 Markel Corp. and Markel CATCo Investment Management Ltd. (MCIM) announced the terms of a buy-out transaction that provides an accelerated...
Why China Evergrande’s Debt Problems Pose Systemic Risk September 27, 2021 China Evergrande Group has missed a dollar bond interest payment deadline, moving closer to a potential default and fueling worries...
Amazon to Offer Insurance to Small and Medium-Sized UK Businesses: Broker September 27, 2021 By Carolyn Cohn Amazon.com Inc is to start offering insurance to small and medium-sized UK business customers, the technology giant’s first foray into...