Hurricane Iota is set to slam into Central America Monday as the Atlantic’s strongest storm of the year, bringing catastrophic winds and torrential rain to a region still reeling from a storm two weeks ago. It will hit near the …
Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the receipt of the necessary regulatory approvals from the Bermuda …
HSB is expanding its engineering services to deliver consultancy services that enable businesses to improve efficiency and meet their compliance obligations. Using the technical knowledge and expertise of its engineers, HSB’s new range of consultancy services will provide businesses with …
Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted, data from a major insurer showed, a sign that even those who have recovered struggle to regain full health. The …
AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities …
Brookfield Asset Management Inc. is launching a reinsurance business and plans to distribute shares in the new entity to its investors in the form of a $500 million special dividend. Bruce Flatt, Brookfield’s chief executive officer, said in a letter …
Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation heats up amid anemic profitability and tightening regulation. Bion, who started her career at Citigroup in 2001 and spent the …
UnipolSai, Italy’s second-largest insurer, confirmed its full-year targets on Friday after a 37.7% rise in nine-month earnings, despite an uncertain economic outlook caused by the resurgence of the COVID-19 pandemic. The company said its consolidated net profit for the first …
A grains crushing plant of Chinese farm giant COFCO International partially resumed operations on Thursday, after halting them on Tuesday after an incident in which three contractor workers died, a spokesman told Reuters. Argentina is the world’s leading exporter of …
Irish brewer Guinness said Wednesday that it is recalling cans of its recently launched non-alcoholic stout in Britain over contamination concerns. The recall, which the brewer described as “precautionary” and related to a “microbiological contamination,” impacts the British market as …
