International
Insurers Limit Cyber Coverage for Energy Companies, Leaving Taxpayers, Customers at Risk
Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for ...
Assurant Closes $2.5B Acquisition of The Warranty Group
Assurant has closed its $2.5 billion acquisition of rival The Warranty Group, seven months after the deal was first announced. Assurant, based in New York, offers insurance and related services for ...
Caribbean Insurers Well Withstood Impact of Record-Setting Hurricanes: A.M. Best
An analysis of A.M. Best-rated property/casualty insurers based in the Caribbean reveals that hurricanes Irma and Maria were mainly earnings events, and that the responsiveness of reinsurers allowed ...
Aon Promotes Marcell to Lead Reinsurance Solutions Unit
Aon plc promoted a veteran executive from within to lead its Reinsurance Solutions unit, a change stemming in part from a decision to retire two long-time brands and streamline. Andrew Marcell will ...
AXIS Re Revamps Operations, Eyes Asia Expansion and New Products
AXIS Re, the reinsurance unit of AXIS Capital Holdings Ltd., has reorganized and expanded its product offerings in key areas and regions in a bid to stay competitive. "As the market transforms, we ...
Anbang Insurance’s Ex-Chairman Appeals China Fraud Conviction
The former chairman of China's Anbang Insurance Group Co, Wu Xiaohui, has lodged an appeal against his conviction for fraud and embezzlement that led to a sentence of 18 years in prison, his lawyers ...
Allianz Invests in Africa Re, Continuing an Africa Expansion
Germany's Allianz Group will acquire an 8 percent stake in Africa's largest reinsurer, Africa Re, in a cash deal worth $81 million. The deal makes Allianz one of Africa Re's largest shareholders and ...
European Insurers Battling Regulation Avoid Pricy U.S. Treasuries
U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers ...