Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 2, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses August 2, 2024 By Bei Hu and Kiuyan Wong AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money...
Tesla Registers Insurance Brokerage in China, National Corporate Database Shows August 2, 2024 Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database,...
Suspected Chinese Hackers Hit Taiwanese Research Center August 2, 2024 By Charles Gorrivan A hacking group believed to be linked to the Chinese government stole passwords and documentsfrom a Taiwanese government-affiliated research center...
BNP Paribas in Talks to Buy AXA Investment Managers for €5.1 Billion August 2, 2024 By Mathieu Rosemain BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at...
Howden to Acquire Allianz UK’s Musical Insurance Book August 1, 2024 Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz...
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany August 1, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in...
UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters August 1, 2024 By Joe Easton Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery...
Ardonagh’s Geo Underwriting to Buy Navigators & General From Zurich UK August 1, 2024 Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from...
Insurance Broker Miller Acquires Swiss Reinsurance Capital Advisory Business August 1, 2024 Miller, the London-based independent specialist re/insurance broker, announced the acquisition of reinsurance capital advisory business 4809 Brokers AG. Financial details...