Start-Up Constellation Holdings Has $500M from Canadian Investors to Invest in Insurers October 24, 2019 Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian...
China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain October 24, 2019 By Bloomberg News Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last? October 24, 2019 By L.S. Howard Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best October 23, 2019 Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging...
EU Eyes Another Brexit Delay as U.K. Edges Toward Election to Break Impasse October 23, 2019 By William James, Kylie MacLellan and Elizabeth Piper EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU...
U.K. Repelled 658 Cyber Attacks This Year, Many From Hostile Foreign States October 23, 2019 By Kitty Donaldson The National Cyber Security Centre defended the U.K. from 658 cyber attacks in the year to October — many from...
Massive Fire Breaks Out at N. Zealand Convention Center Building Site October 23, 2019 By Tracy Withers New Zealand’s flagship international convention center project faces further significant delays as a fire at the central Auckland construction site...
Aon Appoints Moran to Create Consistent Approach to Client Engagement October 23, 2019 Aon plc announced the appointment of Michael Moran to lead the insurance broker’s efforts to drive better client outcomes by...
Insured Losses from Japan’s Typhoon Hagibis Estimated at $8B-$16B: AIR October 22, 2019 Insured losses from Typhoon Hagibis, which made landfall in Japan on Oct. 12, will be between 865 billion Japanese yen...
Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s October 22, 2019 By Nichola Groom U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though...