Emerging Markets
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Japan Pledges Enhanced Trade Insurance to Boost Private Sector Africa Investment
Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the ...
U.S. Cyber Agency: Reducing Chinese Tech Risks Is a Top Priority
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency's top operational priority is reducing the risks ...
Allianz Pays $738M For General Insurance Assets of SulAmerica in Brazil
Allianz SE agreed to pay 667 million euros ($738 million) for the general-insurance assets of SulAmerica, a deal that will make the German firm Brazil's second-largest provider of motor insurance. ...
Wildfires Run Amok in Brazil’s Amazon Rainforest
There are no lights in sight but the night sky glows a dusky yellow, for the Amazon is burning. The smell is of barbecue, of wood charcoal up in flames. During the day the sun, usually so fierce in ...
5 P/C Insurer CEOs Sign Pledge Promising Meaningful Corporate Social Responsibility
CEOs of some of the largest property/casualty insurers signed onto a new document, along with some of the nation's largest and most influential companies, urging corporate leadership for the benefit ...
China’s Troubled Anbang Insurance Group Puts Japan Properties Up for Sale
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans ...
California’s New Data Privacy Law Could Be a Game-Changer
As the nation's most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. ...