Canada’s Brookfield Business Partners to Buy Remainder of Insurer Genworth for $1.2B October 26, 2020 Genworth MI Canada said on Monday real estate service provider Brookfield Business Partners will buy the remaining 43% stake it...
Coverys European Holdings Acquires Bridge Insurance Broker in Italy October 26, 2020 Coverys European Holdings (CEH), an agency platform and network specializing in European markets, has completed the 100% acquisition of Bridge...
BP Evacuates Staff from 4 Gulf of Mexico Oil Platforms as Tropical Storm Zeta Intensifies October 26, 2020 BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities...
Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse October 26, 2020 Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims...
Big Tech Lobby Seeks EU Liability Cover to Tackle Hate Speech, Illegal Content October 26, 2020 By Natalia Drozdiak Big technology platforms are calling on the European Union to protect them from legal liabilities for removing hate speech and...
Australia’s Westpac Takes A$1.2B Charge Against Q2 Earnings for Laundering, Refunds October 26, 2020 By Edward Johnson Westpac Banking Corp. has taken a A$1.2 billion ($871 million) charge against second-half earnings to cover a record money-laundering fine...
More Companies Turn to Captives as Rates Rise, Terms & Conditions Tighten October 26, 2020 By Carolyn Cohn Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the...
Update: Italy’s Tax Police Raid Offices of Generali in Probe About Insurance Contracts October 23, 2020 Italy’s tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a...
Chubb Canada’s President Moore to Retire, Succeeded by Alfieri October 23, 2020 Ellen Moore, the current president of Chubb Canada, has announced her retirement, which will take effect at the end of...
Everest Re Estimates Third Quarter 2020 Catastrophe Losses of $300 Million October 23, 2020 Everest Re Group Ltd. is estimating pre-tax net catastrophe losses of $300 million for the third quarter 2020. The estimate...