Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit November 30, 2020 By Boris Groendahl and Colin Keatinge Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy...
Europeans Buy Older Cars to Avoid Public Transport During Pandemic November 30, 2020 By Nick Carey and Inti Landauro LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport?...
AIA Cuts Coal Investments as Scrutiny Grows on Financial Firms’ Carbon Assets November 25, 2020 By Bei Hu AIA Group Ltd. said it’s paring coal-related investment as financial firms globally face pressure to reduce their carbon assets. The...
Established Insurers Could See Market Share Squeezed by Fintechs, EU Says November 25, 2020 By Carolyn Cohn Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal November 25, 2020 Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group....
Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform November 25, 2020 Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization...
UK Insurer and Roadside Recovery Firm, AA Plc, Accepts Private Equity Offer November 25, 2020 British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners...
Brexit Trade Talks Make ‘Genuine Progress,’ but Risk of No Deal Remains November 25, 2020 By Gabriela Baczynska and Marine Strauss The head of the European Union’s executive on Wednesday reported “genuine progress” in Brexit talks but said the risk of...
Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger November 25, 2020 Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the...
SCOR CEO Expects Double-Digit Reinsurance Rate Hikes in January Renewals November 25, 2020 Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler,...