Chubb to Buy Additional Stake in China’s Huatai Insurance for $1.53B November 25, 2019 Insurer Chubb Ltd said on Monday it will buy up to an additional 22.4% stake in Chinese insurer Huatai Insurance...
Extreme Weather in Greece Brought $1.1 Billion in Crop Damages Since 2011 November 25, 2019 By Antonis Galanopoulos and Paul Tugwell In the hills of northern Greece, peach farmer Makis Antoniadis is sweating in unseasonably warm November weather as he toils...
Generali Prepares to Make Formal Bid for MetLife’s European Assets: Sources November 25, 2019 By Sonia Sirletti Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of...
Uber Loses London License for Failures on Safety and Security November 25, 2019 By Costas Pitas The Uber ride-hailing service was stripped of its London operating license on Monday for the second time in just over...
Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters November 25, 2019 By Siegfrid Alegado and Denise Wee The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major...
Boeing Settles More Than 60 Wrongful Death Cases Filed After Lion Air Crash November 22, 2019 By Janan Hanna A Boeing Co. lawyer said the aircraft maker has reached settlements in more than 60 wrongful death cases filed after...
Australia’s Westpac Bank Apologizes for Money Laundering, Links to Child Abuse Funds November 22, 2019 By Peter Vercoe Westpac Banking Corp.’s board stood behind its management team on Friday, offering embattled chief executive Brian Hartzer some respite from...
Arch Re to Buy Aspen Re’s Global Credit and Surety Reinsurance Business November 22, 2019 Arch Reinsurance, a subsidiary of Arch Capital Group Ltd., is acquiring Aspen Reinsurance’s global credit and surety reinsurance business after...
Uber in London Awaits Decision on License Renewal in Its Important European Market November 22, 2019 By Nate Lanxon London’s transit authority is set to announce as soon as Monday whether it will grant Uber Technologies Inc. a new...
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best November 21, 2019 The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company,...