Australia to Spend $1.2B to Beef Up Private Sector’s Cyber Defenses After Rise in Attacks August 7, 2020 Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and...
Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M August 7, 2020 Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a...
Ships Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port Blast August 6, 2020 By Jonathan Saul Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that...
Lloyd’s Broker Ed Taps Ulhaq from RFIB to Expand Int’l Facultative Reinsurance Offering August 6, 2020 Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with...
Legacy Specialist DARAG Buys Luxembourg Auto and Travel Insurer, Arisa Assurances August 6, 2020 DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...
Gallagher Buys Canada Retail Broker Insight Insurance August 6, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk...
Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses August 6, 2020 German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million)...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks August 6, 2020 By Benjamin Robertson AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related...
Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash August 5, 2020 UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and...