TORONTO – Canada’s financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under “exceptional circumstances,” even as it maintains a March moratorium on broader dividend increases and share buybacks. The Office of the Superintendent of …
Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority and Financial Sector Conduct Authority. Located in Johannesburg and fully operational, Swiss Re Corporate Solutions Africa offers customers in South …
BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The companies, which are the second and third-largest brokers …
Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help protect and support the global distribution of COVID-19 …
SYDNEY – Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage during the COVID-19 pandemic, citing potential pilot rustiness, maintenance errors and even insect nests blocking key sensors. The unprecedented number …
LONDON — Mutual insurer Liverpool Victoria Financial Services (LV=) has agreed to sell its savings & retirement and protection businesses to funds advised by private equity firm Bain Capital Credit LP for 530 million pounds ($706.54 million), the company said …
BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an interview. In pursuit of that …
AmTrust International, the UK and International arm of New York-based insurer AmTrust Financial Services, Inc., announced two key senior underwriting appointments to its Specialty Team. Dean Kiernan joins the Professional Indemnity Team as a senior underwriter, while Donna Stroulger joins …
Hurricanes Eta and Iota in November topped off the 2020 Atlantic hurricane season when a record of 12 named storms made landfall in the United States. The two final hurricanes of the season had an economic cost of approximately $9 …
BRUSSELS/LONDON – European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still possible before the country’s final break with the 27-nation bloc on Dec. 31 but the next few days of negotiations …
