UN Launches Disaster Insurance Program for Developing Countries September 28, 2021 The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide...
Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders September 27, 2021 By Gianluca Semeraro and Claudia Cristoferi The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition...
Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage September 27, 2021 Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a...
Generali CEO Donnet Faces Key Test in Face of Opposition From 2 Leading Investors September 27, 2021 By Gianluca Semeraro and Claudia Cristoferi Generali Chief Executive Philippe Donnet’s future at Italy’s biggest insurer faces a key test on Monday at a meeting of...
Markel Offers Accelerated Return of Capital to Investors in 2 CATCo Funds in Runoff September 27, 2021 Markel Corp. and Markel CATCo Investment Management Ltd. (MCIM) announced the terms of a buy-out transaction that provides an accelerated...
Why China Evergrande’s Debt Problems Pose Systemic Risk September 27, 2021 China Evergrande Group has missed a dollar bond interest payment deadline, moving closer to a potential default and fueling worries...
Amazon to Offer Insurance to Small and Medium-Sized UK Businesses: Broker September 27, 2021 By Carolyn Cohn Amazon.com Inc is to start offering insurance to small and medium-sized UK business customers, the technology giant’s first foray into...
Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake September 27, 2021 Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance...
Russia’s Renaissance Insurance Plans to Raise Up to $290M in IPO on Moscow Exchange September 27, 2021 By Andrey Ostroukh Renaissance Insurance Group said on Monday it plans to list its shares on the Moscow Exchange and raise up to...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public September 24, 2021 Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market...