Private Equity Firm CVC Nears Deal to Buy Insurance Arm of National Bank of Greece March 26, 2021 By Sotiris Nikas and Jan-Henrik Förster CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA’s insurance business after a years-long search...
Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War March 26, 2021 By Benjamin Robertson Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion)....
Gender Pay Gap in Australia Is Worst in Insurance and Finance Industries: Study March 26, 2021 By Rebecca Jones Australia is losing momentum in efforts to bring equality to the workforce, with a new study finding that it will...
Container Ship Could Block Suez Canal Like a ‘Beached Whale’ for Weeks March 25, 2021 By Yusri Mohamed, Gavin Maguire and Florence Tan ISMAILIA, Egypt – A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free,...
Generali Raises Bid for Aviva Poland in Battle with Dutch Insurer NN: Sources March 25, 2021 By Pamela Barbaglia, Stephen Jewkes and Agnieszka Barteczko MILAN – Italian insurer Generali has nudged up its bid for Aviva’s Polish arm, valuing the business at almost 2.5...
When Normal Lloyd’s Trading Returns, Brokers Urge Work Flexibility, Less ‘Stuffy’ Dress Code March 25, 2021 LONDON – When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from home in...
Huge Backlog of Ships Waits for Salvage Team to Re-Float Vessel Blocking Suez Canal March 25, 2021 By Salma El Wardany and Ann Koh A huge backlog of vessels was building up around the Suez Canal amid warnings that the salvage team could need...
Towergate Buys AFL Retail Team, Following a Separate AFL Team Move Last Week March 25, 2021 By L.S. Howard Towergate Insurance Brokers announced it has exchanged contracts to purchase the corporate retail book of business from AFL Insurance Brokers,...
Lawsuit Against BHP over Brazil Dam Collapse Fails on Appeal in English Court March 25, 2021 By Kirstin Ridley LONDON – A 200,000-strong Brazilian claimant group said on Wednesday it had failed to resurrect a 5.0 billion pound ($6.9...
Insurers of Container Ship Aground in Suez Canal Face Millions in Claims March 25, 2021 By Carolyn Cohn and Jonathan Saul LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face...