German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...
U.S. Firms Operating in Hong Kong Face Risks, Warns American Chamber of Commerce July 20, 2021 By Zen Soo HONG KONG – U.S. businesses operating in Hong Kong should reassess their operations and decide if the risks of operating...
Final Settlement for Brazil’s Samarco Mining Dam Disaster Could Reach $19 Billion July 20, 2021 By Rodrigo Viga Gaier RIO DE JANEIRO – A definitive settlement with miner Samarco and owners, BHP Group and Vale SA, for the damage...
Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim July 20, 2021 By Todd Gillespie Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it...
Liberty Mutual Looks to Acquire Malaysian P/C Insurer AmGeneral July 19, 2021 Boston-based Liberty Mutual Insurance said it will be applying for regulatory approval to acquire Malaysian property/casualty insurer AmGeneral Insurance Berhad,...
China Plans to Sell Controlling Stake of Revamped Anbang (Now Called Dajia) for $5.2B July 19, 2021 Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity...
TransRe Reorganizes Global Underwriting Structure, Promoting Key Leaders July 19, 2021 TransRe has reorganized its global underwriting structure and promoted key leaders in the areas of Regional Markets, North America, Global...
Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London July 19, 2021 Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide...
Number of Women on Boards of UK’s Top Financial Firms Rises to 32%: Report July 19, 2021 By Simon Jessop The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third...
Death Toll from European Floods Rises Above 180 July 19, 2021 By Geir Moulson The death toll from flooding in Western Europe climbed above 180 on Sunday after rescue workers dug deeper into debris...