Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re November 19, 2021 TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising...
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount November 19, 2021 By Carolyn Cohn LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove...
Russia Missile Test Creates New Belt of Space Junk, Escalating Threat to Satellites November 19, 2021 By Todd Shields The Russian missile test that shattered a dead satellite this week highlights a growing threat of space debris just as...
Willis Appoints 4 Directors, Including Former Lloyd’s CEO Beale, After Activist Pressure November 18, 2021 Willis Towers Watson PLC, which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday...
People Moves: SiriusPoint Appoints Bernina Re’s Kull as CRO; Hiscox Names Breeze Interim CFO; Tysers’ Simpson Leads BMS’ Terrorism, Political Violence Team November 18, 2021 This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer Hiscox and broker BMS. A summary of these...
China’s Ant Group Reports 39% Rise in Profits on Investment Gains November 18, 2021 By Patrick Winters Ant Group Co.’s profit rose an estimated 39% in the June quarter, attributed to a gain in investments as billionaire...
Finance System Is Getting More Dangerous, Not Safer: Allianz CEO November 18, 2021 By Tom Sims and Alexander Hübner FRANKFURT – Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not...
‘Extraordinary’ Storms Cut Off Road, Rail Access to Vancouver November 18, 2021 By Marcy Nicholson and Natalie Obiko Pearson Vancouver, Canada’s third-largest city, is cut off from the rest of the country by land after days of storms caused...
India’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits November 18, 2021 By Nupur Anand and Sankalp Phartiyal MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning...
Update: Zurich Insurance Will No Longer Underwrite New Oil Exploration Projects November 18, 2021 Zurich Insurance Group will no longer underwrite new greenfield oil exploration projects, Europe’s fifth-largest insurer said on Thursday in an...