Emerging Markets
Zurich Reportedly Joining Wave of Companies Cutting Malaysia Stakes
Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 ...
Israel’s Kovrr Debuts Predictive Cyber Risk Modeling Tool
The Israeli company Kovrr launched a new predictive cyber risk modeling platform designed to help P/C insurers underwriter cyber risk more efficiently. Kovrr analyzes millions of emerging cyber ...
Struggling Russian Insurers May Need Additional State Support, Lobbyist Argues
Russia's banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of ...
Anbang Insurance Gets $9.7B Infusion From Chinese Govt. After Fraud Alleged
China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company's former chairman was accused of masterminding a ...
China’s New Insurance/Banking Head Known for ‘Regulatory Firestorm’
Chinese financial heavyweight Guo Shuqing has been appointed head of the country's newly merged regulator for the banking and insurance sectors, Financial News, the official newspaper of the central ...
The Latest Launches From Chubb, QBE North America and Flock
Chubb will offer insurance to on-demand drivers in South Asia as part of a new partnership. QBE North America is expanding its product offering for multinational companies. U.K.-based startup Flock ...
China Will Merge Its Insurance, Banking Agencies in Big Regulatory Revamp
China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years. The ...
Zurich’s Cover-More Accelerates Latin America Travel Insurance Expansion
Zurich Insurance Group is doubling down on plans to expand throughout Latin America. Weeks after agreeing to pay $409 million for the Latin American operations of Australian insurer QBE, the Swiss ...