Property Reinsurance Rates Rise Less Than Expected in Jan. 1 Renewals January 2, 2018 Global property reinsurance prices have risen less than expected in the key Jan. 1 renewal season, with strong competition limiting...
Aon Acquires Real Estate Investment Advisor Townsend Group January 2, 2018 Insurance brokerage and consultant Aon has completed its acquisition of The Townsend Group, a global investment management and advisory services...
Ageas Sells Stake in Italian Bancassurer CARGEAS to BNP for $213.6M January 2, 2018 Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP...
R&Q Buys Old Mutual’s Run-Off Captive, Constantia Insurance January 2, 2018 Randall & Quilter (R&Q) announced it has acquired Constantia Insurance Co. (Guernsey) Ltd., a captive company now in run-off, from...
Swiss VW Owners Seek Damages for ‘Dieselgate’ Emissions Scandal January 2, 2018 Swiss consumer protection organization SKS has filed a claim on behalf of some 6,000 car owners seeking damages from Volkswagen...
Fairfax Financial Sells Singapore Insurer to Mitsui Sumitomo for $1.6B December 29, 2017 Fairfax Financial Holdings said it has successfully sold a Singapore insurer to Japan’s Mitsui Sumitomo Insurance Co. for US$1.6 billion.The...
Top Insurance Journal International Stories of 2017 December 29, 2017 By L.S. Howard Blockchain, cyber, mergers and acquisitions and London’s devastating Grenfell Tower fire are just some of the topics that dominate the...
Allianz Buys 49% Stake in General Insurance Businesses of UK’s LV= December 29, 2017 Allianz Group announced it has acquired a 49 percent stake in Liverpool Victoria Friendly Society’s UK general insurance businesses, the...
QBE Insurance Settles Shareholder Class Action in Australia for US$103.2M December 29, 2017 By L.S. Howard QBE Insurance Group Ltd. has agreed to pay A$132.5 million (US$103.2 million) to settle a shareholder class action in Australia....
Canada’s Alberta Province Charges Nexen Energy After 2 Workers Die in Explosion December 29, 2017 Canada’s Alberta province has brought eight charges against Nexen Energy, a unit of China’s CNOOC Ltd., after two workers died...