International
Ping An Insurance Chairman: Digitalization Helps People ‘Make More Intelligent Decisions’
Digitalization has become a buzzword today, with concepts such as digital government, digital currency, digital health care and digital enterprises. It seems many traditional things can appear trendy ...
Warning: High-Tech Cyber Crime Will Keep Coming, ‘Terminator’-Style
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at ...
Buffett’s Berkshire Hathaway Appears to Extend Stock Repurchase Effort
Warren Buffett's Berkshire Hathaway Inc appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. ...
Japan Insurers Struggle to Produce Reliable Climate Change Cost Estimates
As the world tries to price the cost of climate change, Japan's second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from ...
Tentative Compensation Agreement Reached Over Suez Canal Ship Blockage
A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute ...
Arch Reinsurance to Acquire Somerset Bridge Group
Arch Reinsurance Ltd. plans to acquire longtime client Somerset Bridge Group Ltd. for an undisclosed price. The acquisition covers Somerset, Southern Rock Holdings Ltd. and all Somerset affiliates, ...
U.S.-Based InsurTechs Grabbed Most of the Q1 2021 VC Dollars: Forrester
Approximately 94 percent of InsurTech venture capital financing went to U.S.-based startups during record fundraising for the sector in the 2021 first quarter, according to Forrester's latest sector ...
Europe’s Insurers Emerge From Pandemic With Strong M&A Appetite: Moody’s
Europe's insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions, along with expectations for strong earnings growth in 2021, according to ...