Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘ June 2, 2021 Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong),...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism June 2, 2021 By L.S. Howard Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off...
Russia-Linked Hacking Group Is Behind JBS Cyber Attack: Sources June 2, 2021 By Jennifer Jacobs, Kartikay Mehrotra and William Turton A notorious Russia-linked hacking group is behind the cyber attack against JBS SA, according to four people familiar with the...
Banco do Brasil’s Insurance Unit BB Seguridade to Get New CEO: Report June 2, 2021 SAO PAULO – New management at Brazil’s state-controlled Banco do Brasil SA plans to replace the chief executive of insurance...
Willis Towers Watson Launches Sports and Entertainment Industry Group June 1, 2021 Insurance broker Willis Towers Watson announced the launch of a Sports & Entertainment Industry Group to support sports & entertainment...
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...