Malaysia’s Top Bank Is Said to Weigh Options for Insurer Etiqa November 12, 2024 By Manuel Baigorri and Elffie Chew Malayan Banking Bhd. is considering options including buying out Ageas SA’s minority stake in Etiqa as Malaysia’s biggest lender seeks...
Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out November 8, 2024 By Emma Farge The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster...
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion November 8, 2024 By Macarena Munoz The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total...
Tech Update: WTW Unveils Machine-Led Solution to Enhance Insurance Reserving November 8, 2024 Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and...
Aon’s NFP Acquires Irish Wealth and Corporate Benefits Advisory Business November 8, 2024 NFP, the Aon company and international insurance brokerage and consulting firm, announced it has acquired HC Financial, a financial planning...
Hannover Re’s Henchoz to Step Down as CEO, Succeeded by CFO Jungsthöfel November 8, 2024 Hannover Re announced that Chief Executive Officer Jean-Jacques Henchoz (60) is stepping down and will be replaced by the current...
Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings November 8, 2024 By Rodrigo Orihuela, Clara Hernanz Lizarraga and Thomas Gualtieri As a deadly storm bore down on Valencia on Oct. 29, the regional president was attending a ceremony to recognize...
People Moves: Marsh Names Fraser as Int’l Corporate & Commercial Leader; Clear Group Appoints Chisholm as Sales and Marketing Director November 7, 2024 This edition of International People Moves details appointments at the brokers Marsh and Clear Group. A summary of these new...
H.W. International Agrees to Sell UK, French and Greek Operations to Steadfast Group November 7, 2024 H.W. International B.V., the Amsterdam-based, privately owned insurance broker, announced the sale of H.W. Wood Ltd. and HWI France to...
Renewable Energy Offers a Cost and Opportunity to Insurance Sector November 7, 2024 By Carolyn Cohn Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as...