UK to Spend £2.5B on Road Repairs; Potholes Cause 90% of Auto Insurance Claims March 11, 2020 Britain will spend an extra 2.5 billion pounds ($3.2 billion) repairing 50 million potholes in roads over the next five...
AXA Plans to Form $156B Asset Management Unit, Catering to Alternative Assets March 11, 2020 By Lucca de Paoli AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real...
Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’ March 10, 2020 By L.S. Howard There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson....
Insurtech INSTANDA Raises $19.5M to Support International Expansion March 10, 2020 INSTANDA, the London-based customer and policy management platform for the insurance industry, has completed a $19.5 million Series A fundraising...
Reuters: Aon Alleges Fraud in $300M Brazilian Deal with Broker Admix March 10, 2020 By Tatiana Bautzer British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it...
Private Equity Firm KKR Shuts London Offices on Employee Diagnosis of Coronavirus March 10, 2020 Private equity firm KKR & Co Inc. said late on Monday an employee in its London office had tested positive...
Liberty Mutual Re Promotes Londoño to General Manager Colombia, Replacing Ospina March 10, 2020 Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has promoted Juan Felipe Londoño to the position of...
Brazil Insurer Caixa Seguridade Postpones IPO on Coronavirus Worries: Sources March 10, 2020 By Carolina Mandl and Aluísio Alves Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the...
Blackwater Founder Prince Gets License to Operate Insurer in Congo March 10, 2020 By Michael J. Kavanagh Democratic Republic of Congo’s insurance regulator granted six new licenses to companies including a division of Erik Prince’s Frontier Services...
Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS March 9, 2020 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782...