Italy’s Generali Buys Stake in E-scooter Operator Ridemovi May 10, 2021 MILAN – Italy’s biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services,...
Insurers Seek to Find Ways to Make Pandemics Insurable May 10, 2021 By Carolyn Cohn LONDON – When much of the global economy locked down last year, insurers, facing estimated losses of more than $100...
Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage May 10, 2021 By Karin Matussek Markus Braun, the former chief executive officer of scandal-ridden Wirecard AG who has been in jail for almost a year,...
Insurer AXA to Stop Paying for Ransomware Crime Payments in France May 9, 2021 By Frank Bajak In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France...
Broker Gallagher in Talks to Buy Aon, Willis Assets for $3 Billion May 9, 2021 By Aaron Kirchfeld, Aoife White and Jan-Henrik Förster Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and...
People Moves: Howden Adds Wijaya from Willis; LSM’s Simon Joins Brit; Lockton Re Hires Acrisure Re’s Shaw May 7, 2021 Independent broker Howden Specialty has appointed Surya Wijaya to its Natural Resources division in Asia Pacific, adding to its capabilities...
EU Summit to Discuss Vaccine Patent Waiver Proposed by U.S. May 7, 2021 By Raf Casert BRUSSELS – European Union leaders said Thursday that in the wake of the U.S. backing patent waivers for COVID-19 vaccine...
Aon Forms EMEA Advisory Board to Grow M&A Practice May 7, 2021 Aon announced the formation of its EMEA M&A and Transaction Solutions Advisory Board to support the growth of its Mergers...
China Insurtech Waterdrop Raises $360M in New York IPO: Reuters May 7, 2021 By Scott Murdoch Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in...
London Court Will Reconsider $6.9B Suit Against BHP Over 2015 Brazil Dam Collapse May 7, 2021 By Kirstin Ridley LONDON – London’s Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against...