Global Board Updates List of Systemically Important Banks, Insurers November 21, 2016 By Huw Jones Citi has joined JPMorgan at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the...
October Floods in Atlantic Canada Cost $100M-Plus in Insured Damage November 21, 2016 A tropical moisture system resulting from Hurricane Matthew swept through Atlantic Canada last month, resulting in more than $100 million...
Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders November 21, 2016 Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources November 21, 2016 By Junko Fujita China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets...
China’s Fosun International to Buy Stake in Portugual’s BCP for $185M November 21, 2016 By Kana Nishizawa Fosun International Ltd. agreed to pay 174.6 million euros ($185 million) for a stake in Banco Comercial Portugues SA, Portugal’s...
Allied World Appoints Hall-Shaw as VP in Professional Lines Division November 18, 2016 Allied World Assurance Company Holdings announced that Jacqueline Hall-Shaw has been appointed vice president, Professional Lines Division, based in London....
Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition November 18, 2016 By Catherine Cadell China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following...
ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources November 18, 2016 By Jamie Freed, Saeed Azhar and Taiga Uranaka Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide November 18, 2016 Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand’s...
Earth on Track to Hit Warmest Year on Record: NOAA November 18, 2016 The earth is on track for its warmest year on record after October temperatures equaled the third-warmest for the month...