International
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 ...
Generali to Acquire AXA Malaysia Insurance Assets
Italy's top insurer Generali has agreed to buy Axa's insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will ...
This Bud’s For You; Beer Maker Fired Up to Sell Insurance
In two separate announcements, the king of beers—Budweiser—said it would venture into the Canadian insurance industry with the launch of Budweiser Insurance. Addressing those who doubted the ...