Russia Blamed for Massive Cyber Attack Against Nation of Georgia in 2019 February 21, 2020 By Jake Rudnitsky and Nikos Chrysoloras Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the...
China Ends Two-Year State Custody of Troubled Anbang Insurance February 21, 2020 By Bloomberg News China’s two-year state custody of Anbang Insurance Group Co., the group that became a poster child for private companies with...
Allianz Raises 2020 Profit Target After 9.5% Jump in Q4 Results February 21, 2020 German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5%...
BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany February 20, 2020 Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer &...
China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business February 20, 2020 By Zhang Yan and Engen Tham Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus...
Update: AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick February 20, 2020 AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. He will replace Greg Hendrick, who...
Activist Hedge Fund Elliott Investment Builds Stake in Dutch Insurer NN Group February 20, 2020 By Bart H. Meijer Elliott Investment Management, U.S. billionaire Paul Singer’s activist hedge fund firm, has built up a 3.04% stake in Dutch insurer...
Swiss Re 2019 Profit Hit by Natural Disasters, U.S. Casualty Claims February 20, 2020 Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and...
AXA Lowers 2020 Profit Guidance for XL Unit February 20, 2020 By Maya Nikolaeva and Matthieu Protard French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the...
World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads February 19, 2020 By Karin Strohecker A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost...