International
Ascot Re Begins in Bermuda; Berger Appointed as CEO
Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd. after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re has received an additional injection of $1 billion of funds and ...
Chubb Takes Deeper China Dive Through Multiyear Partnership Agreement
Chubb signed a 10-year strategic cooperation deal with a Chinese insurer that lets it take a deeper dive into China's market. The agreement is with PICC Property & Casualty Company of China., and ...
Zurich Will Earmark $5B for Impact Investments
Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader range of assets after devoting $2 billion to green bonds in recent years. ...
Global Regulators Rethinking How to Assist Risks in Large Insurers
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could ...
For Over a Year, Uber Concealed Cyber Attack That Exposed 57 Million People’s Data
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing company ...
Sompo International Expands, Addresses Brexit Worries With New EU HQ
Sompo International Holdings Ltd. plans a European expansion with a new headquarters on the continent, a move that also addresses uncertainty over the Brexit process. The Bermuda-based insurer and ...
A Cautious Approach to Cyber Risk Can Help Insurers Protect Their Ratings: Fitch
The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent ...
China’s Ping An Insurance Is Now Second to Berkshire Hathaway in Terms of Market Value
A surge in Ping An Insurance (Group) Co.'s shares this year has made it the world's second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. ...