Australia Regulator Seeks to Understand Financial Risks of Climate Change February 24, 2020 By Swati Pandey Australia’s prudential regulator said on Monday it was looking to better understand the financial risks of climate change and would...
Danske Bank Ex-CEO Faces $387M Lawsuit over Money Laundering Scandal February 24, 2020 By Christian Wienberg The ousted chief executive of Danske Bank A/S, Thomas Borgen, has been personally targeted in an investor lawsuit arguing he...
Swiss Re Will Absorb Poor 2019 Earnings, Says S&P February 21, 2020 S&P Global Ratings said that even though Swiss Re performed materially below expectation for its 2019 earnings, the ratings agency...
Roehler Succeeds Theis on Allianz Board of Management February 21, 2020 Axel Theis (62), member of the board of Allianz SE responsible for insurance in German-speaking countries and Central and Eastern...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch February 21, 2020 Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase...
Russia Blamed for Massive Cyber Attack Against Nation of Georgia in 2019 February 21, 2020 By Jake Rudnitsky and Nikos Chrysoloras Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the...
China Ends Two-Year State Custody of Troubled Anbang Insurance February 21, 2020 By Bloomberg News China’s two-year state custody of Anbang Insurance Group Co., the group that became a poster child for private companies with...
Allianz Raises 2020 Profit Target After 9.5% Jump in Q4 Results February 21, 2020 German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5%...
BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany February 20, 2020 Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer &...
China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business February 20, 2020 By Zhang Yan and Engen Tham Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus...