The European Commission on Friday urged online platforms to gird for a fresh wave of consumer scams linked to the resurgence of COVID-19 infections in Europe and said they need to work harder against the spread of disinformation related to …
Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc. Terms of the transaction were not disclosed. Founded in 1981, Optimum Talent is one of Canada’s largest privately-owned integrated talent management firms and a Pan-Canadian leader …
A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the pandemic. The 7.2 billion-pound ($9.5 billion) approach for RSA Insurance Group has been shrewdly pitched by …
TEGUCIGALPA, Honduras – Eta is moving over Honduras as a weakened tropical depression but still bringing the heavy rains that have caused deadly landslides while drenching the country’s east and the north of neighboring Nicaragua. The storm no longer carried …
Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest since launching …
German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit. Allianz, like other insurers, has warned about the impact of clients making …
RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values the British firm at about 7.2 billion pounds ($9.46 billion). RSA said its board would be minded …
Arthur J. Gallagher & Co. announced the acquisition of Brisbane, Queensland-based Effectus Consulting Pty Ltd. Terms of the transaction were not disclosed. Effectus Consulting is a data-driven employee and leadership development firm offering HR and talent development strategies, talent diagnostics, …
AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group will assume 100% ownership of Gava, bringing the Italian Lloyd’s coverholder into its existing network …
Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday. Lloyd’s said last …
