Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters November 10, 2021 By Scott Murdoch, Julie Zhu and Kane Wu HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion...
Allianz Posts Better-Than-Expected Q3 Net Profit as It Emerges From COVID Pressures November 10, 2021 By Tom Sims and Alexander Huebner Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it...
Xenia Acquires Financial and Specialty Business of London Broker Parker Norfolk November 9, 2021 Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist...
Greenpeace Germany Sues Volkswagen, Demands Tougher Climate Measures November 9, 2021 By Victoria Waldersee Environmental activist Clara Mayer and the heads of Greenpeace Germany have sued Volkswagen in German court, the NGO said on...
Telehealth Firms See Post-COVID Mental Health Crisis as Priority November 9, 2021 By Clara Laeila Laudette and Catarina Demony LISBON — Demand for online mental health care will be a priority in the post-COVID world, bosses of telehealth apps...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO November 9, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25...
Reinsurance Pricing Technology That Works During Hard and Soft Markets November 9, 2021 By L.S. Howard Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works...
Why Reinsurance Prices Are Wrong—and How to Fix Them November 9, 2021 By L.S. Howard Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel...
Chaucer, Parametric Insurtech Yokahu Offer Product to Cut Caribbean Protection Gap November 8, 2021 Chaucer, the London-based specialty re/insurance group, and parametric insurtech startup, Yokahu, are launching a new microinsurance product, which will provide...
Compre Completes Acquisition of SiriusPoint’s Legacy Liability Portfolio November 8, 2021 Compre, the London-based specialist legacy group, announced the completion of its acquisition of a US$417 million legacy liability portfolio of...