‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’ August 6, 2021 By Tom Sims and Alexander Hübner Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer,...
Africa Specialty Risks Launches Reinsurer in Bermuda August 6, 2021 Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The group...
Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals August 6, 2021 By Carolyn Cohn Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events...
Allianz Posts 46% Jump in Q2 Profit, with Rosy Outlook Expected August 6, 2021 FRANKFURT – German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier...
Ratings Firm Moody’s to Acquire Catastrophe Modeler, Analytics Firm RMS for $2 Billion August 5, 2021 Moody’s Corp. has agreed to acquire RMS, a global provider of climate and natural disaster risk modeling and analytics, for...
This Summer’s Extreme Weather Hitting World’s Wealthier Countries August 5, 2021 By Seth Borenstein and Frank Jordans As the world staggers through another summer of extreme weather, experts are noticing something different: 2021’s onslaught is hitting harder...
U.S. Tech Firm Operates 100% Autonomous Semi Truck on China Highway August 5, 2021 A semi truck with driverless technology successfully completed a demonstration in busy traffic on a highway in an economic center...
People Moves: Fidelis Names Mathias as Director of Underwriting, Murfet as CRO; OneGlobal Hires BMS’ Bowring for Energy Casualty, Bermuda August 5, 2021 This edition of International People Moves covers two promotions at the insurer Fidelis and a new hire at broker OneGlobal...
Naspers Invests in Online Insurer Naked as Part of South African Investment Push August 5, 2021 By Loni Prinsloo Naspers Ltd. is backing online insurance company Naked as part of a commitment to invest almost $100 million in tech...
London Is Struggling to Lure Back Workers, Says CEO of Legal & General August 5, 2021 By Benjamin Robertson and Mark Cudmore The head of one of the UK’s largest insurers and investors warned that the City of London is struggling far...