Hungary’s Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry April 20, 2021 By Veronika Gulyas and Alberto Nardelli The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon...
Wildfire on Cape Town’s Table Mountain Rages Out of Control April 19, 2021 By Paul Vecchiatto and Mike Cohen More than 250 firefighters in Cape Town battled a massive blaze that broke out on the slopes of the city’s...
Arch Capital Estimates Q1 Catastrophe Losses Could Reach $190 Million April 19, 2021 Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford April 19, 2021 Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment....
China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud April 19, 2021 SHANGHAI – China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as...
Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis April 19, 2021 Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the appointment of Anthony Cordonnier as managing director...
Arthur J. Gallagher Invests in Broker ACE via Partnership with Dubai’s MIG Group April 19, 2021 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has agreed to a strategic partnership with...
SCOR Reports 4.3% Increase in Reinsurance Prices During April Renewals April 19, 2021 French reinsurer SCOR said it benefited strongly from continued improvements in pricing and terms and conditions, during the April 1,...
China’s Ant Eyes Options to Divest Founder’s Stake as Beijing Pressure Grows: Sources April 19, 2021 By Julie Zhu HONG KONG – Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology...