Australia Battered by Worst Flooding in 60 Years March 22, 2021 By Jill Gralow and Renju Jose PITT TOWN, Australia — Australia was set on Monday to evacuate thousands more people from suburbs in Sydney’s west, battered...
Chubb Bids for Significant Scale Including The Hartford’s ‘Crown Jewel’ March 19, 2021 By Mark Hollmer Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as...
Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb March 19, 2021 By Andrew G. Simpson While Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers,...
Reinsurance Rendez-Vous de Septembre Canceled Again – on Pandemic Concerns March 19, 2021 The organizers of the reinsurance Rendez-Vous de Septembre (RVS) have decided to cancel this year’s conference as a result of...
Zurich Debuts Global Business Unit Focused on Evolving Risks March 19, 2021 Zurich Insurance Group created a new business unit designed to help customers address evolving risks. The global business unit, Zurich...
AM Best Signs Up to UN Principles for Sustainable Insurance, in Ratings Agency First March 19, 2021 AM Best became a signatory of the United Nations Environment Programme’s (UNEP) Principles for Sustainable Insurance (PSI). The insurance industry...
Chubb’s Offer to Acquire Rival Hartford: $23.2 Billion March 19, 2021 By Katherine Chiglinsky, Ed Hammond and Dinesh Nair Chubb Ltd., the global insurer led by Evan Greenberg, proposed an acquisition of Hartford Financial Services Group Inc. for about...
UK Broker Specialist Risk Group Lures Team of 16 from AFL, Led by Ex-AFL CEO Bines March 19, 2021 Specialist Risk Group, a London-based insurance broker, have hired a team of 16 from AFL Insurance Brokers, led by Jonathan...
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims March 19, 2021 By Paulina Duran SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over...
Tokio Marine Faces Larger-Than-Expected Exposure to Greensill Capital Meltdown March 19, 2021 By Patrick Winters and Taiga Uranaka Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended...