Emerging Markets
China Online P/C Insurer Mulls U.S., Hong Kong IPO
Zhongan Online P&C Insurance Co., with more than 400 million customers, is targeting an initial public offering in the next 12 to 18 months as it targets winning over more younger consumers. ...
AAIS Creates New Forms and Rules Filings for Drone Coverage
The American Association of Insurance Services (AAIS) has announced the creation of new forms and rules for unmanned aircraft liability coverage in its agricultural general liability (AgGL) program. ...
PCS Unveils Historical Catastrophe Database for Turkey
Property Claim Services has gone live with a new historical catastrophe database for Turkey, an advance that the data analytics provider said will be helpful for both insurers and reinsurers. "The ...
Allianz, AXA Reportedly Bidding for StanChart Asia Insurance Rights
Allianz SE, Europe's biggest insurer, and France's Axa SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, ...
Liberty Mutual Turns to China for Latest Asia Joint Venture
Liberty Mutual Insurance, a longtime player in China, has formed a new joint venture there in a bid to become a major presence in a market dominated by local rivals. The Boston-based insurer said it ...
As Active Shooter Incidents Increase, Industry Addresses Coverage Gray Area
There's a new insurance market emerging in light of a disturbing reality in today's world: active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave ...
Liberty Mutual Boosts Ownership Stake in India Joint Venture
Liberty Mutual Insurance Group is increasing its share of an India joint venture to 49 percent. The move takes advantage of growth potential in a key emerging market, as well as new regulations in ...
Executives On The Move at The Hanover, Allied World and Great American
A major executive at The Hanover Insurance Group is moving on. Allied World picked a new head of its Malaysia operations. Great American promoted an executive on the rise. *** The Hanover Insurance ...