Reinsurers Charge ‘Rational’ Rates in April Renewals, from Flat to 25%: Willis Re April 1, 2019 While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a...
Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance April 1, 2019 By Lulu Yilun Chen Mynt, the Philippine payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route...
China Factory Explosion Kills 7 People in Second Deadly Blast During March April 1, 2019 A plant explosion in China’s Jiangsu province killed seven people on Sunday, authorities said, the second deadly blast in the...
Ethiopian Airlines Crash Could Break Record for Non-War Reinsurance Claim: Willis Re April 1, 2019 Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the...
Brazil’s Caixa Economica Mulls Strategic Partners for Insurance, Asset, Card Units April 1, 2019 By Carolina Mandl Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them...
SCOR Merges European P/C and Life Entities into SCOR SE April 1, 2019 SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019. This reorganization, which...
Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson April 1, 2019 Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the...
Hard Brexit Fears Rise as UK Parliament Again Rejects Prime Minister’s Deal March 29, 2019 By William James, Kylie MacLellan and Elizabeth Piper Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on Friday, sounding its probable death knell and...
AIG Exits Individual Personal Lines Business in Canada March 29, 2019 By L.S. Howard American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in...
Swedbank Fires CEO on Growing Investor Criticism of Handling of Laundering Scandal March 29, 2019 By Esha Vaish and Johan Ahlander Swedbank dismissed Birgitte Bonnesen as chief executive on Thursday only an hour before its annual meeting after disgruntled shareholders rounded...