Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal November 19, 2020 By Kevin Orland After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman November 19, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden November 18, 2020 By Suzanne Barlyn U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice...
Generali Aims to Become Top Player in Asset Management November 18, 2020 By Gianluca Semeraro and Stephen Jewkes Italy’s top insurer Generali on Wednesday said it is aiming to become a top player in asset management after confirming...
Three Arrested for Dresden Museum Theft – But Jewelry Is Still Missing November 18, 2020 By David Rising BERLIN – More than 1,500 police carried out a series of searches in Berlin and arrested three people in a...
Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo November 18, 2020 Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL),...
Norwegian Cruise Ship Operator SeaDream Cancels All Sailings After Virus Outbreak November 18, 2020 By Nora Buli Norwegian-owned cruise ship operator SeaDream Yacht Club has canceled all sailing for the remainder of 2020 after positive COVID-19 test...
Aon Launches Asia Pacific Capital Advisory Unit to Assist Re/insurer Clients November 18, 2020 Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach...
UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer November 18, 2020 By Iain Withers and Carolyn Cohn Canada’s Intact Financial and Denmark’s Tryg on Wednesday said they had reached an agreement to buy British insurance group RSA...
South African Insurer Santam Loses COVID-19 Business Interruption Test Case November 18, 2020 By Roxanne Henderson A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening...