Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters December 15, 2020 By Foo Yun Chee BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments December 15, 2020 Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions...
Insurers, Regulators Warn About Safety of Jets Reactivated After Pandemic Storage December 15, 2020 By Jamie Freed SYDNEY – Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage...
UK Insurer LV= to Sell Savings, Retirement Businesses to Bain Capital for $707M December 15, 2020 LONDON — Mutual insurer Liverpool Victoria Financial Services (LV=) has agreed to sell its savings & retirement and protection businesses...
German Insurtech Startup Wefox Expects Profitable 2021 December 15, 2020 By Douglas Busvine BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable...
AmTrust International Hires Kiernan and Stroulger as Underwriters in London December 14, 2020 AmTrust International, the UK and International arm of New York-based insurer AmTrust Financial Services, Inc., announced two key senior underwriting...
With Economic Damages of $9B, Hurricanes Eta and Iota Topped Off Record Year: Aon December 14, 2020 Hurricanes Eta and Iota in November topped off the 2020 Atlantic hurricane season when a record of 12 named storms...
Tortuous Brexit Trade Talks Get New Breath of Life but Next Few Days Are Critical December 14, 2020 By John Chalmers and Guy Faulconbridge BRUSSELS/LONDON – European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still...
Aon Acquires India’s Anviti Insurance Brokers December 14, 2020 Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm...
Mastercard Faces $18.6B Class Action in UK December 14, 2020 By Jonathan Browning Mastercard Inc. faces the prospect of a 14 billion-pound ($18.6 billion) UK class action — the largest of its kind...