Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield April 18, 2018 By L.S. Howard Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year,...
Malaysia’s Maybank Plans to Spin Off Etiqa Insurance Unit: Sources April 18, 2018 By Anshuman Daga and Liz Lee Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, is preparing to spin off and list its Etiqa insurance arm on the...
Explaining Ant Financial’s $150B Valuation – and Investor Enthusiasm for China Tech April 18, 2018 By Kane Wu and Julie Zhu Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases...
Facebook Begins Complying with EU’s Privacy Rules; Global Users to Be Protected April 18, 2018 By Sarah Frier and Stephanie Bodoni Facebook Inc. is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere...
Fearing Collisions, Airlines Support Global Drone Registry April 18, 2018 By Allison Lampert and Jamie Freed Concerned by a rise in near collisions by unmanned aircraft and commercial jets, the world’s airlines back development of a...
Cyber Analytics Firm Envelop Risk Launches Cyber MGA April 17, 2018 Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA). Envelop Risk...
Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS April 17, 2018 PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike...
Indonesia MPs Grill Facebook Executives on Potential Data Misuse April 17, 2018 By Cindy Silviana A Facebook official apologized to Indonesian members of parliament on Tuesday during a five-hour grilling at a public hearing on...
U.K. Insurance Exec Denies Misuse of His Firms’ Data to Influence Brexit Vote April 17, 2018 By Alistair Smout A prominent campaigner to leave the European Union, Arron Banks, denied allegations on Tuesday by a former employee of political...
U.K. Businesses Against Uncertainty of Second Brexit Referendum April 17, 2018 By Suzi Ring and Charlotte Ryan The plot to reverse Brexit is missing a key ally: U.K. business. Companies have been among the most outspoken critics...