Death Toll Soars from Haiti Earthquake; U.S. Deploys Search and Rescue Teams August 16, 2021 By Jim Wyss and Ezra Fieser The U.S. deployed search and rescue teams to help find survivors among the debris of collapsed buildings in Haiti as...
HSBC Buys AXA Singapore for $575M in Push to Fuel Expansion Across Southeast Asia August 16, 2021 By Denise Wee HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub...
Accenture: Systems Restored, ‘No Impact’ From Reported Ransomware Attack August 13, 2021 By Tiyashi Datta Accenture said it has fully restored certain affected systems, after a CNBC reporter tweeted of a hacker group saying it...
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...