Blackwater Founder Prince Gets License to Operate Insurer in Congo March 10, 2020 By Michael J. Kavanagh Democratic Republic of Congo’s insurance regulator granted six new licenses to companies including a division of Erik Prince’s Frontier Services...
Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS March 9, 2020 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business March 9, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement...
AM Best Puts Ratings of Brazil Reinsurer IRB Under Review on Governance Issues March 9, 2020 AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer...
Aon to Buy Willis Towers Watson March 9, 2020 Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an...
UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M March 9, 2020 Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$...
FACTBOX: Latest News on Coronavirus’ Health, Economic Impact March 9, 2020 The number of people infected with coronavirus topped 110,000 across the world as the outbreak reached more countries and caused...
UK’s Virgin Media, Owned by Liberty Global, Reports Database Breach March 6, 2020 Virgin Media, owned by Liberty Global, on Thursday reported a breach that allowed unauthorized access to the cable company’s database...
Coronavirus Wreaks Havoc on Global Businesses as Infections Pass 100,000 March 6, 2020 By Lawrence White and Dan Whitcomb The number of people infected with the new coronavirus surpassed 100,000 across the world on Friday, as the outbreak reached...
Smart Cameras, Baby Monitors at Risk from Hackers: UK Cyber Security Agency March 6, 2020 By Sarah Shearman Baby monitors and wireless cameras risk being hacked by cyber criminals unless people take security measures to protect themselves, British...