International
Octo Telematics Plans Hiring Surge
Octo Telematics said it expects to hire more than 100 people – a 30 percent growth of its headcount - in a bid to strengthen the talent it has developing current and future technologies. The ...
Investors With China’s Anbang Insurance, Now Dajia; to Sell Controlling Stake For $5.2B
Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), ...
Cyber Risk Increasingly Threatens Credit Ratings: S&P
Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a new report from S&P Global Ratings. S&P cited the Colonial oil pipeline attack in the U.S. in late ...
Liability Worries: Pharmacies Yank J&J Sunscreens Off Shelves After Carcinogen Revelation
Pharmacy chains CVS Health, Walgreens Boots Alliance and retailer Walmart Inc began pulling Johnson & Johnson's sunscreen products off their shelves after J&J said it had detected a ...
Executives On The Move at Aspen, Hippo and Corvus
Aspen Insurance Holdings appointed a new Group Chief Investment Officer. Hippo brought on a new board member. Corvus Insurance named a new Head of Property and Cargo. *** Aspen Insurance Holdings ...
Global P/C Industry Produces Strongest Rate Hikes in 20 Years, as Inflationary Risks Surface
Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis ...
N26, a Fintech and On-Demand Insurer, Could Hit $10B Valuation in New Fundraising
N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with ...
Flood Onslaught In Germany Could Break Records; Insurers Expect Costly Hit
Chancellor Angela Merkel pledged swift help backed by "all the power of the state" for people affected by devastating flooding in western Germany, where at least 42 people have died and dozens are ...