Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings September 20, 2019 By Allison Lampert and Suzanne Barlyn The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers...
Sectors Under Pressure, Such as Insurance, Remain Private Equity Targets: Apollo Exec September 20, 2019 By Svea Herbst-Bayliss and Lawrence Delevingne Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away...
African Swine Fever Spreads in Philippines September 20, 2019 By Enrico Dela Cruz Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department...
Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services September 20, 2019 Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus...
Pilot Chuck Yeager, Who Broke Sound Barrier, Sues Airbus for Trademark Infringement September 20, 2019 By Jonathan Stempel Chuck Yeager, the retired U.S. Air Force pilot who broke the sound barrier, has sued Airbus SE, accusing the aerospace...
France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B September 20, 2019 By Carolina Mandl France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty September 20, 2019 AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to...
Hurricane Humberto Grazes Bermuda, Causing Little Damage September 20, 2019 By Don Burgess Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm...
AXA Liabilities Managers Buys Non-Life Legacy Portfolio of Munich Re Malaysia September 20, 2019 AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch...