Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid April 12, 2021 By Foo Yun Chee BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources April 12, 2021 SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S....
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021 Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public...
Watford Holdings Announces Purchase of French P/C Insurer Axeria IARD April 12, 2021 Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has...
People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman April 9, 2021 This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market April 9, 2021 AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as...
Huge Ship That Blocked Suez Canal Will Be Held Until Compensation Deal Is Reached April 9, 2021 By Mirette Magdy Egypt will release the giant container ship that had blocked the Suez Canal for nearly a week once a deal...
China Revives Sale of Dajia Insurance, the Firm Created to Take Over Troubled Anbang April 9, 2021 By Manuel Baigorri and Vinicy Chan China is reviving a sale of Dajia Insurance Group Co., the company that took over most of the operations of...
Hub International Acquires Wessex Financial Inc. in Canada April 9, 2021 Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada. Terms of the...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains April 9, 2021 By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a...