International
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 ...
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 ...
The Latest Launches From Zurich and Encova Insurance
Zurich partnered with a California-based InsurTech to reduce claims cost, boost efficiency and fight fraud. Encova Insurance will partner with an InsurTech and use its AI-enabled platform for text ...
Investor Sues Bayer, Alleging ‘Disastrous’ Monsanto Acquisition
A Bayer AG investor sued the board and other top company officials, claiming the "disastrous" 2018 acquisition of Monsanto Co. eroded the company's share value by saddling it with potentially ...
UK Storms Lead to Nearly $474M in Insurance Payouts: ABI
Insurers expect to pay more than $473.7 million to UK customers hit by the recent Storms Ciara and Dennis, according to initial estimates from the Association of British Insurers (ABI). Initial ABI ...