Emerging Markets
China’s Ping An Insurance Invests in German Fintech Incubator
Ping An Insurance Group Co., China's biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany's Finleap GmbH in its latest round of funding. The ...
Global Insurance Regulators Delay Applying ‘Too Big to Fail’ Label to Carriers
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American ...
Executives On The Move at Liberty Mutual, Hamilton Re and Willis Towers Watson
Liberty Mutual Insurance appointed four executives who will beef up the technology capabilities of its chief information officer. Hamilton Re hired away a Hiscox Re executive to fill a newly created ...
AIG Will Exit Iran-Related Cargo Insurance Biz, Thanks to Trump Sanctions
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by ...
Cathay Pacific Airways Faces Hong Kong Probe Over Massive Data Breach
Hong Kong's privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy ...
QBE Creates Three Global Units in Structural Revamp; Exec Teams Named
QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, ...
Mudslides Following Typhoon Yutu Devastation in Phillippines Kill 10 People
At least 10 people were killed and about 20 are missing in a trail of landslides in the mountainous region of northern Philippines after the devastation caused by Typhoon Yutu, according to ...
Waymo First to Get Calif. OK for Driverless Testing Without Backup Driver
Alphabet Inc.'s Waymo unit on Tuesday became the first company to receive a permit from the state of California to test driverless vehicles without a backup driver in the front seat, the state's ...