Emerging Markets
AIG Is Selling $1.2B Stake in Chinese P/C Insurer
American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd (PICC P&C) in a block deal, IFR said on Saturday, citing a term ...
Global Network for Bank Money Transfers Aware of Many Cyber Fraud Incidents
SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday that it was aware of "a number of recent cyber incidents" where attackers ...
Colorado State Forecasts 12 Named Storms for the 2016 Atlantic Hurricane Season
The coming Atlantic hurricane season should produce a near-average 12 named storms before it ends in November, according to Phil Klotzbach, lead author of the pioneering Colorado State University ...
The Latest Launches from Everest Re, Starr Companies and Willis Towers Watson
Everest Re Group is getting into the credit and political risk coverage business. Starr Companies added new services to its cyber terror response insurance. Willis Towers Watson unveiled a ...
Ford’s Auto Partner in China Completes 1,200-Mile Self-Driving Car Test
Chongqing Changan Automobile Co., Ford Motor Co.'s partner in China, said it completed a 1,200-mile road trip to test a self-driving car as part of its ambitions to produce highly automated vehicles ...
XL Catlin Exec Joins UN Effort to Bring Insurance Concepts Into Global Disaster Planning
XL Catlin Executive Deputy Chairman Stephen Catlin is among the business and political leaders spearheading a global effort to make insurance more sustainable in the face of growing climate risks and ...
White Mountains Closes $2.6B Sale of Reinsurer Sirius to China Minsheng Investment
White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal with ...
TigerRisk Partners Lures Swiss Re Exec to Help Further ILS Business
TigerRisk Partners is tapping a former Swiss Re executive to help shape and grow its insurance-linked securities business. Philipp Kusche has been appointed partner and global head of ILS and capital ...