insurance News
Insurance, Tax Deductions Will Defray Fox’s $787.5M Defamation Suit Settlement With Dominion
Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox ...
Everest Re CEO Andrade Wins Vote of Confidence and Contract Extension
Everest Re Group President and CEO Juan Andrade just got a big vote of confidence from his company's board of directors. Andrade's contract at the Bermuda-based insurer and reinsurer has been ...
China’s Ping An Insurance Will Sell $2.1B Stake in Auto Services Portal
Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome , three people familiar with the situation told Reuters. Ping An, which is ...
Russia’s Yandex Follows Tesla Route With Safe Driver Insurance Discount Program
Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one ...
Global Average Annual Disaster Losses Could Surpass $200B in 10 Years: AIR Worldwide
The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40 percent chance of experiencing an annual loss of more than $200 billion in ...
15% Global Minimum Tax Will Diminish Bermuda’s Advantage for Insurers, Reinsurers: Fitch
Bermuda's advantageous tax status for the insurers and reinsurers will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax ...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. "It is our belief at AXIS that [insurance/reinsurance] ...
China Triggers Another Anti-Graft Effort for Finance Sector
China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The ...