Global Economy
Coronavirus Crisis Hits Insurers With Double Whammy
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy — a sharp rise in payouts at a time of big ...
Lloyd’s Trading Will Continue During Shutdown of London Building for Coronavirus Stress Test
Lloyd's is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at 12:01 a.m. on March 13 and for ...
In Times of Crisis, Leaders Should Use Frequent Communication (and Metaphors)
The coronavirus and its global spread has left companies around the world scrambling to keep employees safe, reduce anxiety and maintain stability of their operations. In times of crisis, however, ...
Two Former Grand Princess Passengers Sue Owners, Alleging Profits Over Safety
A Florida couple who was aboard the coronavirus-hit Grand Princess ocean liner has sued the ship's owner for more than $1 million, claiming the company put profits over safety and did not have proper ...
AXA Will Establish $156B Asset-Management Unit for Alternative Assets
AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real estate and other alternative assets. The French insurer will divide its ...
Aon Alleges Fraud Over $300 Million Brazilian Acquisition Deal
British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it when it acquired the company four years ago in a 1.35 billion reais ...
InsurTech INSTANDA Raises $19.5M to Expand Market for Customer/Policy Management Platform
INSTANDA, a London-based customer and policy management platform for the insurance industry, has raised $19.5 million in new financing designed to accelerate an international expansion. "Today's ...
Aon, Willis Tower Watson to Combine in Massive Merger Deal
Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under ...