International
Tokio Marine Closes $3.1B Acquisition of PURE Group
Tokio Marine Holdings announced that it has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as PURE Group, which specializes in the U.S. high-net-worth insurance ...
AXA Confirms Plans to Sell Eastern Europe Operations for Nearly $1.1B
AXA has confirmed earlier reporting that it has agreed to sell its operations in Poland, Czech Republic and Slovakia to Austria's Uniqa Insurance Group. AXA will sell 100 percent of its life and ...
Bayer Appeals to Overturn $86M Roundup Cancer Verdict
Bayer AG has asked a California appeals court to overturn an $86 million verdict that found it was responsible for a couple's cancer caused by its glyphosate-based weed killer Roundup. In a Friday ...
Facebook Pledges Security Improvements After Hack of 29 Million Users
Facebook Inc. pledged to improve security protocols to resolve a lawsuit blaming the company for a 2018 data breach that exposed personal data of 29 million users. The company will check more ...
French Insurer Covea Reportedly in Talks to Buy PartnerRe for $9B
French insurer Covea is in advanced talks with the Agnelli family's Exor NV to buy the Italian company's reinsurance business PartnerRe for about $9 billion in cash, according to people familiar with ...
Argo Will Sell Trident Public Risk Solutions Biz to Paragon MGA
Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. ...
Verizon Sued by Huawei in U.S. for Alleged Multiple Patent Violations
Huawei Technologies Co. has filed two patent infringement lawsuits against Verizon Communications Inc. following an apparent failure to agree on licensing terms for the use of its intellectual ...
Thai Broker TQM, Insurer Are First to Roll Out Thai Coronavirus Policy
The world's best-performing insurance firm has seized on the latest health concern to offer Thailand's first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this ...