International
Malaysia Plane Loss Spurs Calls to Upload ‘Black Box’ Data to the ‘Cloud’
The disappearance of Malaysian Airlines flight MH370 has prompted calls for in-flight streaming of black box data over remote areas, but industry executives say implementing changes may be complex ...
UK Website Selling Online Taxi Insurance
On Thursday, GoTaxi announced that it had launched a new taxi insurance website in the U.K. The website's objective is to match taxi and cab drivers who are looking for all types of taxi insurance ...
UK Spending Cuts Could Mean More Flood Re Claims: Fitch
Uncertainty about UK government spending on flood defenses means the industry-managed Flood Re program for pooling flood risk may face higher-than-expected claims in the future, according to Fitch ...Apollo’s Insurer Athene Looks to Raise $1 Billion for Acquisitions
Athene Holding Ltd., the insurer controlled by Leon Black's Apollo Global Management LLC, doubled its capital-raising goal to $1 billion to add funds for acquisitions. The insurer plans to finalize ...
China’s Ping An, Ctrip Travel to Sell Smog Insurance to Tourists
Ping An Insurance Group Co., China's second-biggest insurer, is collaborating with Ctrip.com International Ltd. to sell smog insurance to tourists traveling to Beijing and six other Chinese cities. ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...
Hartford Financial in Talks to Sell Japan Unit to Orix
Orix Corp., a Japanese finance and leasing firm, said it is in talks to buy Hartford Financial Services Group Inc.'s unit in the country. Nothing has been decided on the purchase, Tokyo-based Orix ...
Allianz in 440 Million Euros Deal for Italian Insurer P/C Book
Allianz SE, Europe's biggest insurer, agreed to buy Milano Assicurazioni SpA assets from Unipol Gruppo Finanziario SpA for 440 million euros ($612 million), the Munich-based company said. The deal ...