AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M March 7, 2022 Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising March 4, 2022 Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and...
China Instructs State Insurers to Review Exposure to Russia, Ukraine March 4, 2022 By Ye Xie and Selena Li China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies March 4, 2022 By Lawrence White and Carolyn Cohn Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities...
Ukrainian Cyber Group to Target Russian Power Grid, Railways March 4, 2022 By James Pearson, Christopher Bing and Joel Schectman A Ukrainian cyber guerrilla warfare group plans to launch digital sabotage attacks against critical Russian infrastructure such as railways and...
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board March 4, 2022 Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa...
ANALYSIS-Who Pays? UN Climate Report Reignites Global Fight for Compensation March 4, 2022 By Kate Abnett With this week’s U.N. climate science report laying bare the staggering economic costs and losses already faced from climate change,...
DARAG Acquires Guernsey Reinsurance Captive in Run-Off March 3, 2022 DARAG Group, an international insurance and reinsurance group that specializes in the assumption of discontinued businesses, has acquired a Guernsey...
Record Floods on Australia’s East Coast Have Cost At Least 14 Lives March 3, 2022 Sydney was preparing on Wednesday for dangerous flash flooding as population centers farther north began a massive cleanup operation after...
UK to Ban Russian Companies From London Aviation Insurance Market March 3, 2022 LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s...