Global Economy
APCIA 2021 Lobbying Priorities: Pandemic, Social Inflation, Disaster Mitigation and More
Despite the ongoing coronavirus pandemic, insurance industry lobbyists such as Nat Wienecke of the American Property Casualty Insurance Association have continued to do their jobs. Like most of us, ...
Aon Buys Stake in India-Based Broker
Insurer broker Aon has acquired a 49 percent equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending ...
Chubb Establishes Digital Team for Continental Europe, UK and Ireland
Chubb's push to broaden its digital product and service offerings has led to the creation of a new team in the space for Continental Europe, the United Kingdom and Ireland. The team will also focus ...
Banks, Global Law Enforcement Battle COVID-19 Crime Wave
Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. ...
UK Travel Insurance Startup Raises $12M; U.S. Headquarters Planned
UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, raised $12 million in new venture capital financing designed to fuel growth, market expansion and ...
A Surge in Insurance Policies for M&A Deals Gone Wrong
A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes ...
Zurich, Farmers to Pay Nearly $4B for MetLife’s U.S. P/C Biz
Zurich Insurance and Farmers Exchanges have agreed to buy MetLife's U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home ...
Insurers Eye Post-Pandemic Clout While Pursuing Major Merger Deals
Insurers pummeled by the pandemic are looking to deals as they race to see who'll emerge strongest when the outbreak subsides. The takeover of RSA Insurance Group Plc and Allstate Corp.'s largest ...