Arch Capital Closes Acquisition of Westpac Lenders Mortgage Insurance September 1, 2021 Bermuda-based Arch Capital Group Ltd. has completed its acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited (WLMI), With the transaction...
Ascot Realigns Global Reinsurance With Launch of Ascot Re August 31, 2021 HAMILTON, BERMUDA — Ascot announced the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and ceded risk...
Ping An Insurance Denies Regulator Halted Sales of Alternative Investments August 31, 2021 By Bloomberg News Ping An Insurance (Group) Co. denied that it has been ordered by regulators to halt sales of property-related alternative investments...
Toyota to Restart Paralympic Village Driverless Vehicles Following Accident August 31, 2021 By Tim Kelly Toyota Motor said on Monday it would resume operations of its self-driving e-Palette pods at the Tokyo Paralympic Games village...
Pandemic Uncertainty Hasn’t Slowed Private Equity Investments in Insurance: S&P Global August 31, 2021 Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and losses...
Uber Proposes Gig Industry Benefits Model in Canada August 31, 2021 By Tina Bellon Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers...
Japan Sees a Future in Crewless Cargo Ships as First Autonomous Trial Voyage Nears August 31, 2021 By Tsuyoshi Inajima and River Davis In just two decades from now, half of all domestic ships plying Japan’s coastal waters may be piloting themselves. That’s...
Chinese Regulators Seek More Control Over Internet Firms’ Algorithms August 30, 2021 Chinese regulators will exercise greater control over the algorithms used by Chinese technology firms to personalize and recommend content, the...
China’s Regulator Probing Ping An Insurance’s Property Investments: Reuters August 30, 2021 By Engen Tham, Zhang Yan, Kane Wu and Cheng Leng SHANGHAI — China’s banking and insurance sector regulator is probing Ping An Insurance Group Co. of China Ltd.’s investments in...
Fire Damages Harry Potter ‘Birthplace’ Cafe in Scotland August 30, 2021 A cafe in Scotland’s capital where author J.K. Rowling wrote some of the Harry Potter books has been damaged in...