P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021 November 18, 2021 By Kevin Orland Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1...
Rise in Insurance Demand Likely to Break Premium Records in 2022: Swiss Re November 17, 2021 Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to...
Swiss Re CEO Mumenthaler Appointed Chairman of Geneva Association November 16, 2021 The Geneva Association announced that Christian Mumenthaler, CEO of Swiss Re, was appointed the new chairman of the organization. Mumenthaler,...
Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses November 15, 2021 All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters November 10, 2021 By Scott Murdoch, Julie Zhu and Kane Wu HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion...
Hong Kong Insurer FWD Adds Warnings About China Risks in SEC Filings for IPO November 3, 2021 By Scott Murdoch Hong Kong-based insurer FWD Group has told U.S. regulators it cannot guarantee that Beijing would not seek to “intervene or...
Swiss Re Reports Better-Than-Expected Profit Despite Major Claims October 29, 2021 Reinsurance company Swiss Re said on Friday it swung to a better-than-expected net profit in the first nine months as...
Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion October 25, 2021 Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate...
FWD Group’s $2 Billion Insurance IPO Stalls in U.S.: Sources October 18, 2021 By Manuel Baigorri and Julia Fioretti Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’...