Emerging Markets
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
China’s Unpredictable Regulatory Measures Make Investors Wary
The unpredictability of China's regulatory measures make the country unappealing to foreign investors in the short-term, following its latest crackdowns on the technology, property and education ...
AIG CEO Zaffino Acknowledges Reduction of Cyber Insurance Limits as Coverage Costs Climb
American International Group Inc is tightening terms of its cyber insurance, noting that its own premium prices are up nearly 40% globally, with the largest increase in North America, the U.S. ...
China Regulator Will Guide Insurers to Boost Natural Disaster Offerings
China's banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. It also plans to raise public ...
Heaviest Rains in 1,000 Years Strike Chinese Province, Killing at Least 25
At least 25 people have died in China's flood-stricken central province of Henan, a dozen of them in a subway line in its capital that was drenched by what weather officials called the heaviest rains ...
After State Auto, Liberty Mutual Turns to Malaysia for Next Acquisition
Liberty Mutual Insurance is disclosing acquisition plans for the second time in two weeks. This time, the Boston-based mutual insurance holding company said it will apply for regulatory approval to ...
Investors With China’s Anbang Insurance, Now Dajia; to Sell Controlling Stake For $5.2B
Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), ...
Global Financial Regulators Seek Coordinated Efforts to Prepare for Climate Change Risks
The world's top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still lack common standards for assessing what could be one of the ...