Canada’s Brookfield Business Partners to Buy Remainder of Insurer Genworth for $1.2B October 26, 2020 Genworth MI Canada said on Monday real estate service provider Brookfield Business Partners will buy the remaining 43% stake it...
W.R. Berkley Says Rate Increases Averaging 14.5% Contributed to Solid 3Q Results October 26, 2020 W.R. Berkley Corp.’s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more...
Coverys European Holdings Acquires Bridge Insurance Broker in Italy October 26, 2020 Coverys European Holdings (CEH), an agency platform and network specializing in European markets, has completed the 100% acquisition of Bridge...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns October 26, 2020 By Mark Hollmer Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts...
BP Evacuates Staff from 4 Gulf of Mexico Oil Platforms as Tropical Storm Zeta Intensifies October 26, 2020 BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities...
Remote Workforce to Double in 2021 Due to Improved Productivity: CIO Survey October 26, 2020 By Gertrude Chavez-Dreyfuss The percentage of workers around the world that is permanently working from home is expected to double in 2021 as...
Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse October 26, 2020 Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims...
Big Tech Lobby Seeks EU Liability Cover to Tackle Hate Speech, Illegal Content October 26, 2020 By Natalia Drozdiak Big technology platforms are calling on the European Union to protect them from legal liabilities for removing hate speech and...
Australia’s Westpac Takes A$1.2B Charge Against Q2 Earnings for Laundering, Refunds October 26, 2020 By Edward Johnson Westpac Banking Corp. has taken a A$1.2 billion ($871 million) charge against second-half earnings to cover a record money-laundering fine...
More Companies Turn to Captives as Rates Rise, Terms & Conditions Tighten October 26, 2020 By Carolyn Cohn Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the...