FACTBOX: China Takes Steps to Bolster Coronavirus-Hit Economy February 19, 2020 Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected...
QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring February 18, 2020 QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of...
Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance February 18, 2020 Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price,...
Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV February 18, 2020 Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said...
Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific February 18, 2020 Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in...
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus February 18, 2020 China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as...
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources February 18, 2020 By Elffie Chew, Manuel Baigorri and Vinicy Chan Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses...
Luxury Yacht, Owned by Third Point Re’s Loeb, Damages Belize Coral Reef February 14, 2020 By Laura Millan A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty February 14, 2020 Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain...
Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms February 14, 2020 Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known...