Typhoon Rai Leaves Trail of Destruction in Southeast Asia, Killing More Than 200 December 20, 2021 By Siegfrid Alegado and Yantoultra Ngui Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters....
Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M December 20, 2021 OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the...
Argo Announces Sale of ArgoGlobal SE as Group Focuses on U.S. Specialty Insurance December 20, 2021 Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations,...
AM Best Upgrades Ratings of Canada’s Co-operators General and Sovereign General December 17, 2021 Ratings agency AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer...
EXOR, Again, Agrees to Sell PartnerRe to France’s Covéa for $9 Billion (€7.8 Billion) December 17, 2021 French mutual insurer Covéa and EXOR, a holding company controlled by the Agnelli family, have officially agreed to a delayed...
People Moves: Aon Recruits WTW’s James as Chief Broking Officer, Commercial Risk UK; Allianz’ Strong to WTW as Head of Environmental; AGCS Promotes Yee for TMT December 17, 2021 This edition of International People Moves details appointments at Aon, Willis Towers Watson and Allianz Global Corporate & Specialty (AGCS)....
Google Faces Heavy Fines in Russia After Court Rules in Favor of Putin Ally December 17, 2021 By Henry Meyer Alphabet Inc.’s Google is facing potentially heavy fines in Russia after a court ruled it must unblock the YouTube account...
Bayer Faces Billion-Dollar Class Action Suit in Germany Over Monsanto Takeover December 17, 2021 BERLIN – Bayer faces a billion-dollar investor class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto,...
Canada’s Desjardins Group Reaches Settlement Over Massive Data Breach in 2019 December 17, 2021 Canada’s Desjardins Group said on Thursday it had reached a settlement with plaintiffs in a lawsuit tied to a massive...
Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits December 16, 2021 Swiss Re announced the appointment of Pravina Ladva as group chief digital & technology officer and member of the group...