Russia’s Insurers May Need More State Bailouts, Says Insurance Association Chief April 6, 2018 By Tatiana Voronova and Denis Pinchuk Russia’s banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following...
SoftBank Borrows $8B, Backed by Its Stake in Alibaba, Say Sources April 6, 2018 By Donal Griffin, Ruth David and Dinesh Nair SoftBank Group Corp. borrowed about $8 billion through a margin loan backed by its Alibaba Group Holding Ltd. stake as...
Willis Towers Watson Beefs Up UK Investment Consultancy by Integrating 2 Units April 6, 2018 Willis Towers Watson announced the transfer of its UK Insurance Investment Solutions Group (IISG) to the company’s Insurance Consulting and...
U.S. March Storms Cost Economy $3B; Argentina, Uruguay Drought $4B: Aon Report April 6, 2018 A series of winter storms and severe weather in the United States during March brought economic damages of US$3 billion,...
Facebook ‘Willing’ to Meet with EU Regulators over Widening Data Scandal April 6, 2018 By Stephanie Bodoni Facebook Inc. expressed a “willingness to engage” with European Union regulators in the wake of fresh evidence showing that data...
Wawanesa Mutual Names Jardine President of Canadian P/C Operation April 6, 2018 Wawanesa Mutual Insurance Co. announced the appointment of Carol Jardine as president of Wawanesa’s Canadian property and casualty (P/C) operation....
Zurich Taps AXA’s Blanc as CEO of EMEA, Succeeding Shaughnessy April 5, 2018 Zurich Insurance Group announced that Gary Shaughnessy will step down from his role as chief executive officer for Europe, Middle...
UK-Based United Insurance Brokers Launches Colombian Retail Operation April 5, 2018 London-based re/insurance broker United Insurance Brokers (UIB) has launched a retail broking business in Colombia. The new company, UIB Seguros...
Tokio Marine Kiln Promotes Dugand to Regional Managing Director, Asia April 5, 2018 Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, announced the promotion of Alex Dugand to regional managing...
Faulty Takata Air Bags Prompt New Zealand Recall of 50,000 Cars April 5, 2018 By Nick Perry New Zealand’s government on Wednesday issued a compulsory recall for 50,000 cars with faulty Takata air bags after saying a...