Global Board Updates List of Systemically Important Banks, Insurers November 21, 2016 By Huw Jones Citi has joined JPMorgan at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the...
AIG Expects to Win Some, Lose Some in Sale of Assets November 21, 2016 By Sonali Basak American International Group Inc., the insurer that’s shrinking to free up capital for shareholder buybacks, said it expects to book...
October Floods in Atlantic Canada Cost $100M-Plus in Insured Damage November 21, 2016 A tropical moisture system resulting from Hurricane Matthew swept through Atlantic Canada last month, resulting in more than $100 million...
Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders November 21, 2016 Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources November 21, 2016 By Junko Fujita China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets...
China’s Fosun International to Buy Stake in Portugual’s BCP for $185M November 21, 2016 By Kana Nishizawa Fosun International Ltd. agreed to pay 174.6 million euros ($185 million) for a stake in Banco Comercial Portugues SA, Portugal’s...
U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan November 21, 2016 By Dani Burger and Sonali Basak The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are...
XL Catlin Adds Terrorism & Political Violence Coverage to Property Program November 21, 2016 XL Catlin has enhanced its Platinum Property insurance program with a new terrorism and political violence insurance option. XL Catlin’s...
77 Guests at Alabama Wedding Sickened by Salmonella Outbreak November 21, 2016 The state health department believes a salmonella outbreak at a Colbert County wedding caused at least 77 people to become...
23 Students Injured in Tennessee School Bus Crash November 21, 2016 Twenty-three students were hospitalized after a Tennessee school bus crashed and rolled over on an interstate off-ramp Friday, but authorities...