Business Insurance
Data from the Croatian Insurance Bureau showed that the aggregate gross written premium of 15 Croatia-based insurers increased by more than 13% year-on-year to 6.4 billion Croatian kuna ($1 billion) in the first half of the year.
Posted: Aug 17, 2021
The European Commission has approved Vienna Insurance Group AG’s proposed acquisition of Dutch insurer Aegon NV's businesses in the Central and Eastern Europe.
Posted: Aug 17, 2021
Reinsurer General Insurance Corporation of India’s standalone net loss widened by more than 38% year-on-year to 7.7 billion Indian rupees ($103.8 million) in the fiscal first quarter ending June 30 due to huge underwriting losses.
Posted: Aug 17, 2021
Australia-based insurance broker Steadfast Group Ltd. has agreed to acquire Sydney-headquartered insurance broker Coverforce Holdings Pty Ltd. for about $302 million.
Posted: Aug 17, 2021
Dutch trade credit insurer Atradius NV said that it is back to providing coverage for the U.K. companies with the underwriting back to pre-COVID-19 levels.
Posted: Aug 17, 2021
The live music and entertainment industry of Australia is calling for a government-backed insurance program to support the sector, which is still reeling under the adverse impacts of the COVID-19 pandemic and resulting lockdowns, capacity restriction...
Posted: Aug 17, 2021
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange Commission said Monday.
Posted: Aug 16, 2021
According to those tracking fraud trends, social media influencers selling fraud tips and guides online is the new black.
Posted: Aug 16, 2021
Zurich North America said Monday that Kelly Kinzer would take on the newly created role of head of construction, casualty, moving over from leading the insurer’s construction property business.
Posted: Aug 16, 2021
Russia has opened a criminal investigation into the Black Sea oil spill near the Russian port city of Novorossiisk.
Posted: Aug 16, 2021
Analysts at U.K.-based risk management firm Russell Group Ltd. said that the partial closure of China’s Ningbo-Zhoushan port threatens $172 billion worth of global trade and nearly $40 billion worth of integrated circuit board exports.
Posted: Aug 16, 2021
RSC Insurance Brokerages Inc., which does business as Risk Strategies Co., said Monday it has acquired Delray Beach, Florida-based Danna-Gracey Inc., a medical malpractice liability agency.
Posted: Aug 16, 2021
Guy Carpenter & Co. LLC, the reinsurance brokerage business of Marsh & McLennan Cos. Inc., said Monday it has named former Willis Re executive Michael Harden as president of Asia Pacific, effective immediately.
Posted: Aug 16, 2021
Hub International Ltd. said Monday it has acquired commercial broker Dissinger Reed LLC.
Posted: Aug 16, 2021
Ryan Specialty Group LLC said Friday that its email system was breached in April, and personal information, including Social Security numbers and medical information, could have been accessed.
Posted: Aug 16, 2021
Afghanistan’s aviation authority said on Monday the country’s airspace had been “released to the military” and advised airlines to avoid its air corridors, prompting major airlines to divert flights in the wake of the Taliban’s takeover of Kabul.
Posted: Aug 16, 2021
The Occupational Safety and Health Administration on Friday issued new guidance for workplaces during the COVID-19 pandemic, aligning the agency with the U.S. Centers for Disease Control and Prevention’s stance that vaccinated individuals need to wea...
Posted: Aug 16, 2021
Kuwait-based Gulf Insurance Group KSCP’s net profit rose almost 20% year-on-year to nearly 12 million Kuwaiti dinar ($39.2 million) in the first half of the year, driven by improved investment performance.
Posted: Aug 16, 2021
China’s Ministry of Emergency Management said that heavy rains may trigger further flooding across various parts of the country in August, widening losses from the recent weather disasters.
Posted: Aug 16, 2021
A 7.2-magnitude earthquake struck Haiti on Aug. 14, destroying and damaging almost 30,000 buildings.
Posted: Aug 16, 2021
Nepal’s leading insurers Himalayan General Insurance Co. Ltd. and Sagarmatha Insurance Co. Ltd. have merged to form the country’s biggest insurer.
Posted: Aug 16, 2021
Turkey's Natural Disasters and Emergency Directorate said that the last week’s flash floods across the Turkish Black Sea coast destroyed bridges and buildings and caused power outages across hundreds of villages.
Posted: Aug 16, 2021
The Competition Commission of Pakistan has imposed a record fine of 44 billion Pakistani rupees ($265 million) on the Pakistan Sugar Mills Association and 55 sugar mills for anti-competitive practices.
Posted: Aug 16, 2021
A report by Aon PLC showed that Middle East suffered more than $330 million in economic losses from the wildfires and floods that struck the region in July.
Posted: Aug 16, 2021
A federal appeals court has reinstated a hostile retail environment claim filed against a Pep Boys store manager who allegedly used a racial epithet in talking with a Black couple.
Posted: Aug 13, 2021