EXOR, Again, Agrees to Sell PartnerRe to France’s Covéa for $9 Billion (€7.8 Billion) December 17, 2021 French mutual insurer Covéa and EXOR, a holding company controlled by the Agnelli family, have officially agreed to a delayed...
People Moves: Aon Recruits WTW’s James as Chief Broking Officer, Commercial Risk UK; Allianz’ Strong to WTW as Head of Environmental; AGCS Promotes Yee for TMT December 17, 2021 This edition of International People Moves details appointments at Aon, Willis Towers Watson and Allianz Global Corporate & Specialty (AGCS)....
Google Faces Heavy Fines in Russia After Court Rules in Favor of Putin Ally December 17, 2021 By Henry Meyer Alphabet Inc.’s Google is facing potentially heavy fines in Russia after a court ruled it must unblock the YouTube account...
Bayer Faces Billion-Dollar Class Action Suit in Germany Over Monsanto Takeover December 17, 2021 BERLIN – Bayer faces a billion-dollar investor class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto,...
Canada’s Desjardins Group Reaches Settlement Over Massive Data Breach in 2019 December 17, 2021 Canada’s Desjardins Group said on Thursday it had reached a settlement with plaintiffs in a lawsuit tied to a massive...
Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits December 16, 2021 Swiss Re announced the appointment of Pravina Ladva as group chief digital & technology officer and member of the group...
Millions of Migrants Can’t Get COVID Vaccines Because of Drugmakers’ Liability Fears December 16, 2021 By Francesco Guarascio and Panu Wongcha-um BRUSSELS/BANGKOK – Tens of millions of migrants may be denied COVID-19 vaccines from a global program because some major manufacturers...
Zurich Insurance to Acquire Conversational AI Company AlphaChat December 16, 2021 Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation,...
Fairfax Completes Sale of Stake in Subsidiary Odyssey Group for US$900M December 16, 2021 Fairfax Financial Holdings Ltd. announced the completion of the previously announced sale of a minority stake in Fairfax’s subsidiary, Odyssey...
Spanish City of Zaragoza Braces for Flooding From Ebro River December 16, 2021 MADRID (AP) – Authorities in the Spanish city of Zaragoza braced Tuesday for a critical surge in the level of...