Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re December 6, 2024 By L.S. Howard Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive...
China Aims to Boost Foreign Investment in Property Insurance Market December 6, 2024 China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry,...
Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry December 6, 2024 By Ryan Gallagher The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old UK delivery company: “If you’re...
Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line December 6, 2024 By Pamela Barbaglia, Dinesh Nair, Aaron Kirchfeld and Leonard Kehnscherper Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a...
UK Insurer Aviva Said to Boost Direct Line Takeover Bid to £3.4 Billion December 5, 2024 Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after...
Drones Offer an Unparalleled View of the Biggest Wildfire Risks December 5, 2024 Spotting dead and downed trees that can fuel explosive fires is like searching for a needle in a haystack for...
Investors With $9.5 Trillion Seek Mandatory Scope 3 Emissions Disclosures December 5, 2024 By Alastair Marsh An influential coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets called on regulators to...
Amundi Interested in Buying Allianz Global Investors December 5, 2024 Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts...
Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions December 4, 2024 Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major...
People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity December 4, 2024 This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln...