Reuters: Aon Alleges Fraud in $300M Brazilian Deal with Broker Admix March 10, 2020 By Tatiana Bautzer British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it...
Private Equity Firm KKR Shuts London Offices on Employee Diagnosis of Coronavirus March 10, 2020 Private equity firm KKR & Co Inc. said late on Monday an employee in its London office had tested positive...
Liberty Mutual Re Promotes Londoño to General Manager Colombia, Replacing Ospina March 10, 2020 Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has promoted Juan Felipe Londoño to the position of...
Brazil Insurer Caixa Seguridade Postpones IPO on Coronavirus Worries: Sources March 10, 2020 By Carolina Mandl and Aluísio Alves Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the...
Blackwater Founder Prince Gets License to Operate Insurer in Congo March 10, 2020 By Michael J. Kavanagh Democratic Republic of Congo’s insurance regulator granted six new licenses to companies including a division of Erik Prince’s Frontier Services...
Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS March 9, 2020 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business March 9, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement...
AM Best Puts Ratings of Brazil Reinsurer IRB Under Review on Governance Issues March 9, 2020 AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer...
Aon to Buy Willis Towers Watson March 9, 2020 Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an...
UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M March 9, 2020 Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$...