Amazon Slapped with Record Fine for Violating EU Data Privacy Rules August 3, 2021 Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data...
AM Best Assigns ‘A’ Rating to International General Insurance Co. (Europe) SE August 3, 2021 AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent)...
Generali’s Operating Profit Increases 10.4% During First Half August 3, 2021 By Gianluca Semeraro Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance...
People Moves: JLT Re’s González to Oneglobal LatAm; Aon’s Cousar to McGill and Partners in APAC; CFC’s Alsegard Leads Gallagher’s IP Practice August 2, 2021 This edition of International People Moves covers appointments at three London-based brokers: Oneglobal, McGill and Partners, and Gallagher A summary...
BMS Re Launches Bermuda Unit, Led by Former Alterra Executive Mullan August 2, 2021 BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory...
Aon’s Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B August 2, 2021 Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied...
NFP Acquires Dublin-Based P/C Broker Aiken Insurances August 2, 2021 NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of...
France’s AXA Posts 180% Surge in 1st Half Net Income as XL Unit Swings to Profit August 2, 2021 AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in...
Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds August 2, 2021 By Stephan Kahl and Sara Marley Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into...
Indian Insurance Startup Policybazaar Files for $810M IPO August 2, 2021 BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion...