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...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz May 6, 2021 COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result...
Insurer Disappointed After Egyptian Court Upholds Detention of Tanker Ever Given May 6, 2021 By Yusri Mohamed CAIRO – An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could...
WHO Says China’s Vaccine Prevents COVID But Questions Data on Side Effects: Reuters May 6, 2021 By Stephanie Nebehay WHO experts have voiced “very low confidence” in data provided by Chinese state-owned drugmaker Sinopharm on its COVID-19 vaccine regarding...
EU Top Court Upholds Partial Ban on Bayer Pesticides May 6, 2021 By Kate Abnett BRUSSELS – The European Union’s top court on Thursday upheld the EU’s partial ban on three insecticides linked to harming...