Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions January 29, 2020 By Noor Zainab Hussain, Carolyn Cohn and Sumeet Chatterjee Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions...
Zurich Sees Hardening Rates, Improving Terms – in Market Not Seen Since 2002 January 13, 2020 By Patrick Winters Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost...
Insurer Estimates $2.5 Trillion Price Tag for 10-Year Fight Against Climate Change December 4, 2019 By Jana Randow Fighting climate change will cost companies worldwide nearly $2.5 trillion over the next 10 years, according to an estimate by...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question. December 3, 2019 By Riley Griffin, Katherine Chiglinsky and David Voreacos, Bloomberg By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a...
Aviva to Retain China, Singapore Businesses After Conducting Asian Review November 18, 2019 By Lucca de Paoli and Benjamin Robertson Aviva Plc, the U.K. insurer that’s overhauling some businesses as part of its chief executive officer’s turnaround plan, is to...
Müller Succeeds Fischer Hirs as CEO of AGCS; Allianz Germany Appoints Executives November 15, 2019 Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG announced leadership changes that will take effect from Dec....
Allianz Forms Partnership with Microsoft, Aiming to Transform Insurance Processes November 14, 2019 Allianz SE and Microsoft Corp. announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process...
Are Employees Pushing Insurers to Shun Coal in Climate Change Movement? November 7, 2019 By Don Jergler Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies...
Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources November 6, 2019 By Manuel Baigorri German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese...
Quantemplate, Insurtech Provider of Cloud-Based Data Services, Raises $12M November 1, 2019 Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its...