Vincent Liew waited five years for the kidney that was supposed to change his life. Instead, the organ ended it. The kidney came from a woman who had uterine cancer, but she and doctors didn’t know it. Once her disease …
A chorus of opposition is growing against Prudential Plc’s bold $35.5 billion takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote. Many analysts have …
Markel International, a subsidiary of Markel Corp. that operates in the Lloyd’s market, has launched a new trade credit division. Ewa Rose, who joined Markel earlier this year, has been named as managing director of the new division. Senior underwriters …
Aon Benfield announced that it is “broadening its capabilities and bringing together its academic and industry research relationships under one banner – Aon Benfield Research.” Aon said the team will deliver “relevant research material and help re/insurers enhance their understanding …
Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its Asian presence with the opening in Tokyo of its eighth office, which will specialize in property, earthquake and business interruption risks. Marsh said the office will “place large …
According to new research commissioned by Bowring Marsh, the Specialist International Placement Broker at Marsh, the “quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.” The study, conducted by an independent …
Somali pirates have seized a Liberia-flagged and Greek-owned ship with 24 people aboard in the Gulf of Aden, officials said on Wednesday. The ship, managed by Eurobulk Ltd and named Eleni P, was carrying iron and sailing from Ukraine to …
An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted Goldman against private …
The Lockton Companies (Singapore) Pte Ltd has launched an insurance product to cover the cost of medical complications for medical travelers receiving surgery abroad in collaboration with QBE International Ltd, the underwriter of the new product. “Scope, Insurance for medical …
British insurer Prudential will try to reassure investors it can seamlessly absorb the Asian arm of AIG next week when it publishes the prospectus for a record $21 billion cash call to fund the takeover. With shareholders broadly backing the …
