220,000 Dutch, English Consumers Sue VW Over Diesel Fraud June 14, 2017 By Kirstin Ridley and Toby Sterling Around 220,000 car drivers in the Netherlands, England and Wales joined forces on Tuesday in what could become a pan-European...
Anbang Insurance’s $30 Billion in Acquisitions Draw Scrutiny to Its Finances June 14, 2017 By Matthew Miller Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria...
Chairman Wu of China’s Anbang Insurance ‘Unable to Fulfill Duties’ June 14, 2017 By Matthew Miller and Koh Gui Qing Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable...
W.R. Berkley Forms Two Subsidiaries in Mexico June 13, 2017 W.R. Berkley Corp. said it has formed two subsidiaries in Mexico: Berkley International Fianzas México S.A. and Berkley International Seguros...
MAPFRE Gains 51% of Indonesian Insurer ABDA to Expand in South East Asia June 13, 2017 Insurer MAPFRE, which already owned 31 percent of the insurer, has gained 51 percent and effective control of Indonesian insurance...
Shipping Losses Fall to Lowest in 10 Years as Technology Drives Safety June 13, 2017 Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of...
Peak Re Wins Approval to Write Reinsurance in Malaysia June 13, 2017 Peak Reinsurance Co. Ltd., a Hong Kong-based reinsurer, has been granted the approval-in-principle by the Labuan Financial Services Authority to...
Protectionism, Cloud Accumulation, Water Stress Among 20 Emerging Risks Facing Insurance Industry: Swiss Re June 13, 2017 Reduced market access, regulatory fragmentation, the return of inflation and cloud risk accumulation pose the largest challenges with the highest...
AIG Defends Layoff of London Employee Alleging Pregnancy Discrimination June 13, 2017 By Patrick Gower American International Group Inc. said it was not “unwelcoming to working mothers” as the insurer fought a discrimination lawsuit filed...
Lloyd’s Urges Insurer Investment in Natural Habitats for Flood Protection June 13, 2017 Natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls,...