Global Economy
Liberty Mutual, Allianz, Generali Reportedly Seeking to Invest in BBVA Insurance Arm
European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The ...
QBE Rebounds in 2018 With $715 Million Cash Profit
QBE Insurance Group took another step in its quest to achieve strong results, consistently, by reporting a cash profit after tax of $715 million during 2018, a significant improvement on the cash ...
Tessian, a UK Cybersecurity Startup, Secures $40 Million Financing
Sequoia Capital has backed a London-based cybersecurity startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed ...
Pool Re Sells First Terror Catastrophe Bond
A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year ...
EU Pushes for Brexit Delay, With Length of Postponement at Issue
The European Union has made no secret that it thinks Prime Minister Theresa May should delay Brexit day. The question is, for how long. May on Tuesday promised the British Parliament a vote on a ...
Cyber Risk Prevention a Factor in InsurTech Investments’ Continued Climb: Willis Towers Watson
There were 63 InsurTech investment deals worth nearly $1.6 billion in the 2018 fourth quarter, according to a new Willis Towers Watson report. That's a 24 percent jump in deal count compared to the ...
El Nino’s Calm Winds Harming U.S. Wind Power Producers
Calm winds are hurting U.S. wind power producers. Unusually still weather in the upper Midwest and Great Plains in late 2018 has already taken a bite out of earnings at NextEra Energy Inc. and ...
China’s Ping An Insurance Reportedly Planning Massive IPO for Fintech Unit
Ping An Insurance (Group) Co., China's largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about ...