Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P August 14, 2019 Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates...
China’s Anbang Insurance Selling $2.4 Billion in Japan Properties August 14, 2019 By Junko Fujita China’s troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner...
With Smarter, Joined-Up Pricing, There’s No Such Thing as a Bad Risk: Viewpoint August 14, 2019 By Mark Eastham It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks...
Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal August 13, 2019 By Divya Balji, Katherine Chiglinsky and Doug Alexander Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as...
South African Retailer Steinhoff to Sell Assets After $7B Accounting Fraud August 13, 2019 Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become...
Hong Kong Plunging into ‘Panic and Chaos,’ Says Leader, as Protests Continue August 13, 2019 By Felix Tam and Brenda Goh Flights leaving Hong Kong were disrupted for a second day on Tuesday, plunging the former British colony deeper into turmoil...
Canada’s Desjardins Reports Costs of $53M Related to Data Breach August 13, 2019 Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a...
Private Equity Firm JC Flowers Kept Stake in Japan’s Shinsei Bank Too Long: Opinion August 13, 2019 By Nisha Gopalan, Bloomberg Opinion Japan’s banking sector has become a dead zone for private equity. Yet even then, the latest attempt by J. Christopher...
BHSI Enhances Executive First D&O Liability Insurance in Asia August 13, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to...
Lloyd’s, London Market Insurers Surpass Q2 Electronic Placing Targets August 12, 2019 More than half of in-scope market risks were placed electronically in the London and Lloyd’s markets during the second quarter,...