Tensions Between U.S. and Iran Hamper Probe of Boeing 737-800 Crash near Tehran January 8, 2020 By Christopher Jasper As investigators sift through the charred wreckage of a jetliner that crashed shortly after takeoff from Tehran, contradictory reports have...
Generali Completes Acquisition of Portugal Insurer Seguradoras Unidas from Apollo January 8, 2020 Generali finalized the acquisition in Portugal of the insurer Seguradoras Unidas and the health services company AdvanceCare from Apollo Global...
Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re January 8, 2020 By L.S. Howard Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the...
Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack January 8, 2020 By Noor Zainab Hussain and Kirstin Ridley Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said...
Starr Insurance Names Swiss Re’s O’Ryan as Canadian Manager, General Aviation January 8, 2020 Starr Insurance Cos. has appointed Paul O’Ryan as Canadian territory manager, general aviation, effective Jan. 6. O’Ryan joins Starr from...
British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else January 8, 2020 Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and...
Insurance Industry Calls for Action to Mitigate Climate Risk as Australia Bushfires Widen January 8, 2020 By Emily Cadman As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of...
BGC Insurance’s Aerospace Broker Rebrands as ‘Piiq Risk’ with Spate of Key Hires January 7, 2020 By L.S. Howard BGC Insurance Group (BGCI), a global broker and division of BGC Partners Inc., announced it has rebranded its global aerospace...
Tokio Marine to Pay US$374M for Insurance Joint Venture with Brazil’s Caixa Bank January 7, 2020 Tokio Marine Holdings Inc. announced it will pay 1.52 billion reais (US$374 million) to form a joint venture to sell...
U.K. Financial Services Firms Pay Record Taxes with Future Prospects Clouded by Brexit January 7, 2020 By Huw Jones Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in...