Hong Kong Insurance Sales to Mainland Chinese Clients Drop 18% on Escalating Protests December 2, 2019 By Alfred Liu Insurance sales in Hong Kong to mainland Chinese customers declined in the third quarter as escalating protests halted visits to...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
Zurich CEO Says Big Transnational M&As Won’t Solve Industry Fragmentation: Report December 2, 2019 The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF November 27, 2019 By Jill Ward The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal...
Argo Activist Shareholder Voce Renews Battle to Elect Independent Board Members November 27, 2019 By L.S. Howard Activist shareholder Voce Capital Management LLC is renewing its fight with the board of Argo Group International Holdings Ltd. This...
Wholesale Broker H.W. Kaufman Acquires UK MGA Barbican Protect November 27, 2019 H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Barbican Protect Ltd.,...
AXA XL Buys London-Based Title Insurance Agency, Agrees to Buy Mexico Title Insurer November 27, 2019 AXA XL announced it has completed the acquisition of Secure Legal Title Ltd., a London-based insurance agency and Lloyd’s approved...
Uber’s London License Ban Marks Global Regulatory Backlash for Ride-Hailing Firms November 27, 2019 By Amy Thomson and Nate Lanxon Uber Technologies Inc. and its rivals disrupted global transport, riding on a lack of regulation to drive exponential growth. Now,...
MS Amlin Launches New Operating Model and Senior Leadership Team November 27, 2019 MS Amlin, the London-based re/insurer, announced a new operating model and senior leadership team in response to the recent decision...
Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels November 27, 2019 By Stefan Nicola A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find...