Chinese Government Asks Anbang Insurance to Sell Overseas Assets: Sources July 31, 2017 When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the...
Broker THB Taps Botelho from Universal Seguros to Bolster Reinsurance Team July 31, 2017 THB, the London-based specialist insurance and reinsurance broker, announced the appointment of Rodrigo Botelho as director, European division, from Oct....
Dale Underwriting Gets Lloyd’s Approval to Set Up Special Purpose Arrangement July 31, 2017 Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced it has been granted “in principle” approval by...
Fosun’s Chairman Supports Chinese Government Restrictions on Overseas M&A July 31, 2017 Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said...
Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days July 28, 2017 By Tugce Ozsoy The Borsa Istanbul Insurance Sector Index dropped as much as 2.5 percent on Friday after a brief but ferocious storm...
French Firefighters Begin to Contain Wildfires July 28, 2017 By Thomas Adamson and Nadine Achoui-Lesage French authorities are close to containing one of the fiercest blazes to break out during four days of wildfires in...
ILS Issuance in Q2 Breaks New Record at $6.3B: Willis Towers Watson July 28, 2017 Non-life insurance-linked securities (ILS) issuance reached a record-breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter...
FM Global Names Tranquillo as SVP EMEA/APAC, Johnson as VP Asia Region July 28, 2017 FM Global, the Johnston, R.I.-based commercial property insurer, has made key changes to its management team, moving Stefano Tranquillo and...
Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations July 28, 2017 Heavy rains led to flooding Wednesday in some parts of northern Germany, forcing some evacuations and prompting residents to pile...
Democratic Republic of Congo to Open $500M Insurance Industry to Investors July 28, 2017 By Tom Wilson The Democratic Republic of Congo’s insurance regulator is preparing to open up an industry for the first time that could...