Swedish Insurer Folksam Accidentally Leaks Private Data on 1 Million Customers November 3, 2020 Sweden’s largest insurer, Folksam, accidentally leaked private data on about one million of its customers to a handful of the...
Update: China Suspends Ant Group’s $37 Billion IPO November 3, 2020 By Julie Zhu, Meg Shen and Greg Roumeliotis HONG KONG/NEW YORK — China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut...
Analysts, Investors React to China’s Suspension of Ant Group’s Mega IPO November 3, 2020 China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to...
Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar November 3, 2020 By L.S. Howard Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of...
Nigerian Insurers Expect Record Claims from Police Brutality Protests November 3, 2020 By Emele Onu Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting...
UK Supreme Court to Hear Appeal of COVID Business Interruption Test Case on Nov. 16 November 3, 2020 The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority’s (FCA) test case over...
Private Equity Investors Pelican Ventures, J.C. Flowers to Buy Ariel Re from Argo Group November 2, 2020 Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed to...
Guy Carpenter Launches Mutual, Agency and Captive Reinsurance Solutions Practice November 2, 2020 Guy Carpenter & Co., the reinsurance broker subsidiary of Marsh & McLennan Cos., announced the launch of a new marine...
Rescue Efforts Continue After Earthquake Strikes Turkey, Greece with at Least 57 Dead November 2, 2020 By Mehmet Guzel and Zeynep Bilginsoy IZMIR, Turkey – Rescue workers extricated a 70-year-old man from a collapsed building in western Turkey on Sunday, some 34...
Brexit Negotiations to Continue This Week as EU, UK Push to Save Trade Deal November 2, 2020 By Gabriela Baczynska EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides...