Emerging Markets
Insurers, Analysts Worry Australia’s Bushfires Could Surpass 2009’s Costly Season
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
Insurers Call for Greater Climate Change Action in Wake of Australia Fires
As the devastation from Australia's bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an ...
Global Natural Catastrophe Insured Losses Reached $52B in 2019: Munich Re
Natural catastrophes caused overall losses of $150 billion during 2019, including insured losses of about $52 billion, which matches the average of the past 30 years, according to Munich Re's ...
Insurance Technology Company Sapiens Will Pay $31.6M for German InsurTech
Sapiens plans to pay up to $31.6 million for sum.cumo, an InsurTech based in Germany that provides technology and consulting services to the insurance sector and other customers. Both sides expect to ...
Good Leaders Listen, Giving Employees Plenty of Time to Answer Questions
Executives succeed, in part, by being good listeners, hearing their employees' concerns and questions, and responding in kind. The Random Acts of Leadership blog suggests leaders can improve this ...
Australia’s Bushfire Crisis Causes Business Interruption Chain Reaction
Australia's deadly bushfire crisis is affecting some of the nation's biggest companies including dairy producer Bega Cheese Ltd. and airline Qantas Airways Ltd. Bega led declines on the benchmark ...
Allianz Completes Two Acquisitions in the UK
Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51 percent of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly ...
China’s Anbang Insurance Seeks $3.9B From Sale of Stake in Rural Banks
Anbang Insurance Group Co., the once-acquisitive Chinese conglomerate that's under state control, is looking to offload stakes in a number of rural commercial banks as it continues to unwind its ...