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...
British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else January 8, 2020 Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and...
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...
AXA to Sell Belgian Bank Unit to Crelan for $689.5M, Forms Bancassurance Deal October 25, 2019 AXA announced it has entered into an agreement to sell its Belgian banking operations, AXA Bank Belgium, to Crelan Bank...
China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain October 24, 2019 By Bloomberg News Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their...
Few Hong Kong Firms Have Riot Insurance so They’ll Be Paying for Protest Damages October 21, 2019 By Sumeet Chatterjee and Clare Jim Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most...
EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow October 17, 2019 By Carolyn Cohn, Isla Binnie and Maya Nikolaeva Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a...
AXA Weighs Selling Central European Business, to Exit Non-Core Markets: Sources October 15, 2019 By Anna Koper and Arno Schuetze French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos October 15, 2019 By Andrew MacAskill, Sinead Cruise and Huw Jones From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the...
Insurers to Offer up to $5B in Capacity to Hike Developing Nations’ Climate Resilience September 25, 2019 By Katherine Chiglinsky Insurers are partnering with the United Nations and other public groups to help the poorest countries bounce back from natural...