Chinese Insurtech Waterdrop Seeks $360M in New York IPO May 3, 2021 By Scott Murdoch HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial...
Fidelity Slashes Valuation of Restructured Ant Group of China May 3, 2021 By Aaron Saldanha U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its...
Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty May 3, 2021 Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement...
Gallagher Acquires Australia’s Mutual Brokers May 3, 2021 Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory...
Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses May 3, 2021 By Andrew G. Simpson Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in...
People Moves: Berkley Re UK Names Himmer; RSG Transactional Risks Adds Schiener April 30, 2021 W.R. Berkley Corp. named Clare Himmer as president of Berkley Re UK Limited, effective September 1, 2021. In the interim,...
UK Supreme Court Urged to Allow Privacy Class Action Against Google April 30, 2021 By Kirstin Ridley Blocking a proposed British class action against Google, that alleges it secretly tracked millions of iPhone users a decade ago,...
EU Seeks Review of GMO Rules for Gene-Edited Crops April 30, 2021 By Philip Blenkinsop BRUSSELS — The European Commission launched a review of EU rules on genetically modified organisms (GMOs) on Thursday, opening the...
Liberty Mutual Weighing Options, Delays Australian Coal Mine Project April 30, 2021 By Sonali Paul MELBOURNE — U.S. insurer Liberty Mutual will not be filing an environmental impact assessment for a coal project in Australia,...
H.W. Kaufman Expands in Europe, Adding Amsterdam Office, London Healthcare Unit April 30, 2021 U.S.-based specialty insurance firm H.W. Kaufman Group is expanding within Continental Europe through the opening of a new office in...