European Commission Clears Vienna Insurance Acquisition of Aegon’s Businesses August 13, 2021 The European Commission has granted competition law clearance for Vienna Insurance Group’s proposed acquisition of Aegon’s businesses in Central and...
Arthur J. Gallagher Agrees to Buy Willis Re August 13, 2021 By Andrew G. Simpson Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire the treaty reinsurance brokerage operations of Willis Towers...
Zurich Insurance CEO Backs Carbon Tax and Public-Private Cyber Partnership August 13, 2021 By Paul Arnold and Michael Shields Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible...
China Regulators Step Up Scrutiny of Online Insurance Platforms in Widening Crackdown August 13, 2021 By Bloomberg News China’s banking and insurance watchdog is stepping up scrutiny of the nation’s insurance technology platforms, widening a regulatory dragnet that...
Global Insured Disaster Losses Reach US$42B in H1 as 2nd Highest on Record: Swiss Re August 13, 2021 Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze,...
Zurich Insurance Reports Strong Surge in Earnings as COVID-19 Impact Eases August 12, 2021 Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact...
German, Chinese Insurers Face Record Disaster Claims as Extreme Weather Intensifies August 12, 2021 Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential...
Blistering Heat in Sicily May Have Just Smashed European Record August 12, 2021 By Megan Durisin The Italian island of Sicily may have just smashed continental Europe’s heat record, the latest example of how climate change...
Worst Algerian Wildfires in Decades Kill at Least 65 People August 12, 2021 The worst wildfires in decades have killed at least 65 people in Algeria’s forested mountains, making it the latest Mediterranean...
Hackers Return $260M to Cryptocurrency Platform After Theft of $613M in Digital Coins August 12, 2021 By Tom Wilson, Tom Westbrook and Alun John LONDON/SINGAPORE/HONG KONG – Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613...