Thieves Steal Priceless Items from Dresden’s Treasury Green Vault; Hiscox Comments November 26, 2019 Thieves have carried out a heist at Dresden’s Green Vault, one of the world’s oldest museum containing priceless treasures and...
AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion November 26, 2019 American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese...
S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan November 25, 2019 S&P Global Ratings said it revised its outlook on Qatar Insurance Co. S.A.Q. (QIC) to negative from stable, although it...
Westpac’s Money Laundering Breaches Gave ‘Free Pass to Pedophiles:’ Australia Official November 25, 2019 By Byron Kaye Australian Home Affairs Minister Peter Dutton said Westpac Banking Corp. must pay the price for giving “a free pass to...
Drzik, Marsh’s President, Global Risk and Digital, to Step Back From Full-Time Role November 25, 2019 Marsh, the insurance broker and risk adviser, announced that John Drzik, president, Global Risk and Digital (GR&D), will step back...
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...