Emerging Markets
Anbang’s Woes Worsen as China Asks Lenders to Halt Business Ties
Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York's Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu ...
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
China’s Anbang Insurance Says Chairman Can’t Perform Duties; Reportedly Detained for Questioning
Anbang Insurance Group Co., the Chinese company that was at the forefront of a global acquisition spree before abruptly reversing course, said Chairman Wu Xiaohui is unable to perform his duties for ...
$3 Billion: May’s Insurance Bill for Severe U.S. Weather Outbreaks
Public and private insurers forked over nearly $3 billion to cover claims related to severe weather outbreaks in the U.S. for May. Overall aggregated economic losses: more than $4 billion, Aon ...
Executives On The Move at XL Catlin, Ironshore and Willis Towers Watson
XL Catlin promoted an executive to lead its international environmental arm. Ironshore hired a new executive in Australia. Willis Towers Watson appointed an executive to guide its global risk ...
Markel Combines Wholesale and Global Arms Into Single Unit, With Efficiency in Mind
Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines ...
Like It or Not, China’s New Cyber Law Has Finally Kicked In
China ushered in a tough new cyber security law on Thursday, following years of fierce debate around the controversial legislation that many foreign business groups fear will hit their ability to ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...