Emerging Markets
Hurricane Maria Rips Roofs off in Dominica; U.S. Virgin Islands, Puerto Rico Are Next
Hurricane Maria caused "mind boggling damage," ripping off roofs across the small island of Dominica before pushing on toward the U.S. Virgin Islands and Puerto Rico on Tuesday as the second ...
China Online Insurer ZhongAn Begins $1.5B Hong Kong IPO
ZhongAn Online P&C Insurance Co., China's largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as $1.5 billion. The Shanghai-based ...
Allianz Expands in Africa With Planned Nigeria Acquisition
Allianz has agreed to snatch up a Nigerian insurer in a move that gives it a greater foothold in Africa. The German insurance giant said it has signed a binding agreement to buy 98 percent of ...
Ironshore’s Singapore Arm Debuts Legal Event Expense Cover
Ironshore, via its Singapore branch, launched a specialty professional lines product that offers protection for after-the-event legal expenses to mitigate commercial litigation loss exposure. ...
New P/C Insurance Products Delayed by Old Policy Form Tech: Novarica
A reliance on manual processes and inadequate technology leaves property/casualty insurers with major delays in updating their coverage forms. A new industry report found that as a result, most ...
North America Rebounds in QBE’s H1; Emerging Market Results Tank
QBE reported a healthy profit hike during the first half of 2017, despite heightened claims activity in its Emerging Markets' division, which reported a combined ratio of 110.8 percent. This poor ...
Opinion: Traditional Insurers Must Embrace Cyber Physical Risk
The burgeoning cyber insurance market is at a critical point of inflection. After 20 years of product evolution, with most mainstream carriers finally settling on a common core set of coverages, the ...
Anbang Insurance Workers Comp Complaint Seeks to Reveal Ownership Secrets
A U.S. labor group representing more than 1,000 workers at hotels owned by Anbang Insurance Group Co. is asking authorities to force the Chinese firm to disclose its ownership and financing. The ...