Generali Completes Purchase of AXA’s Greek Units, Forms Bancassurance Agreement June 1, 2021 Generali has completed the acquisition of AXA Group’s Greek subsidiary, AXA Insurance S.A., for €167 million ($204 million) in cash....
Intact Financial Corp. and Tryg Complete Acquisition of UK’s RSA Insurance June 1, 2021 By L.S. Howard Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after...
Australian, North American Units of World’s Largest Meat Supplier Hit by Cyber Attack June 1, 2021 MELBOURNE – Australian and North American units of the world’s largest meat works were hit over the weekend by an...
Heavy Rain Causes Floods in New Zealand’s Canterbury Region, Forcing Evacuations June 1, 2021 By Nick Perry WELLINGTON, New Zealand (AP) – Several hundred people in New Zealand were evacuated from their homes Monday with some recounting...
Swiss Financial Watchdog Requires Insurers, Banks to Disclose Climate Change Risks June 1, 2021 ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face...
German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B June 1, 2021 By Douglas Busvine BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called...
Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica June 1, 2021 By Sonia Sirletti Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t...
Big Oil May Face More Climate Lawsuits After Shell Ruling, Say Lawyers, Activists May 28, 2021 By Shadia Nasralla and Tom Hals LONDON – A Dutch court’s decision to force Royal Dutch Shell to make deeper, faster cuts to its climate warming...
People Moves: WTW’s Hegelbach to Newly Created Renewable Energy Role at Howden; Browne Is Division President, Consumer Lines, APAC, for Chubb May 28, 2021 Howden Specialty announced the appointment of Severin Hegelbach as divisional director. In this newly created role, Hegelbach will lead a...
French Regulator Dismisses Covéa Market Abuse Charges Filed Against SCOR’s Kessler May 28, 2021 By L.S. Howard France’s financial markets regulator dismissed market abuse charges, which had been filed against SCOR’s Chairman and CEO Denis Kessler by...