Global Economy
UK-Based Reinsurer Conduit Holdings Sees Stock Rise After $1.1B London IPO
Reinsurer Conduit Holdings Ltd. rose as it started trading in London after a 826 million-pound ($1.1 billion) initial public offering, the second largest by a British company on the London Stock ...
Executives On The Move at BHSI and AXIS Re
Berkshire Hathaway Specialty Insurance named an insurance industry veteran to lead its downstream energy property insurance underwriting in Europe. AXIS Re hired a new head of its Japan business.
Allianz to Grab Westpac’s General Insurance Unit for $535M
Australia's Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725 million ($535 million), it said on Wednesday, further trimming its portfolio to beef up ...
Broker AmWINS Eyes Bermuda Expansion With New Acquisition
AmWINS Group, Inc. has agreed to buy International Specialty Brokers Ltd. a Bermuda-based wholesale insurance and reinsurance broker. AmWINS, a North Carolina-based global broker focused on specialty ...
Shell Battles Dutch Court Suit Seeking to Drastically Cut Climate Emissions
Environmental activists took Royal Dutch Shell to court on Tuesday, demanding the energy firm drastically reduce the production of oil and gas to limit its effects on climate change. Seven activist ...
Rusty Pilots Making Flying Errors Are a COVID-19 Emerging Risk
On Sept. 15, an Indonesian flight carrying 307 passengers and 11 crew to the northern city of Medan momentarily veered off the runway after landing, sparking an investigation by the country's ...
Ant Group’s Massive, Suspended IPO in Limbo as China Overhauls Fintech Rules
The chances that Jack Ma's Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ...
SCOR CEO Prediction: Double-Digit Reinsurance Rate Hikes on Jan. 1
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on ...
U.S. Thanksgiving Flyers Create Surge in Catch-All Travel Insurance
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves ...