Viewpoint: Strategies for Brokers as M&A Slows and Insurance Rates Soften December 19, 2024 By Heather Sullivan and Robert Held The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in...
Can China Shield the Biggest Uninsured Economy From Floods? December 19, 2024 By Coco Liu The rivers and canals that meander through Hemudu in southeastern China are a vital source of life and community —...
European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses December 19, 2024 By Gautam Naik The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms...
Brown & Brown Acquires UK Employee Benefits Specialist Drewberry December 18, 2024 Employee benefits specialists Drewberry has been acquired by Brown & Brown (Europe) Ltd. The terms of the deal are undisclosed....
Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp. December 18, 2024 By Esteban Duarte and Jorgelina do Rosario Swiss Re AG, Tokio Marine Holdings Inc., AXIS Capital Holdings Ltd. and AXA SA are among providers of $3 billion...
G20 Watchdog Urges Governments to Address Non-Bank Financial Risks December 18, 2024 The Financial Stability Board (FSB) on Wednesday pitched recommendations for governments to reduce risks around hedge funds, insurers and other...
UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions December 18, 2024 By Upmanyu Trivedi and Archie Hunter The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet”...
Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast December 18, 2024 By Vladimir Soldatkin Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly...
EU Privacy Regulator Fines Meta €251 Million for 2018 Breach December 18, 2024 The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on...
Ardonagh Reaches $14 Billion Valuation With Stone Point Investment December 18, 2024 By Leonard Kehnscherper Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to...