Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific February 18, 2020 Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in...
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus February 18, 2020 China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as...
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources February 18, 2020 By Elffie Chew, Manuel Baigorri and Vinicy Chan Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses...
Luxury Yacht, Owned by Third Point Re’s Loeb, Damages Belize Coral Reef February 14, 2020 By Laura Millan A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty February 14, 2020 Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain...
Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms February 14, 2020 Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties February 14, 2020 B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have...
Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist February 14, 2020 By John Lauerman As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far...
Australia’s Central Bank Chief Warns of Economic, Financial Effects of Climate Change February 14, 2020 By Michael Heath Australia’s central bank chief Philip Lowe warned of wide-ranging economic and financial impacts from climate change, after his drought-stricken nation...
Outgoing BoE Governor Discusses Risks of Negative Interest Rates, Climate Change February 13, 2020 By Jill Ward and Francine Lacqua Mark Carney said he’s lucky he never had to cut interest rates below zero as Bank of England governor because...