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), according to an auction filing on Friday. China Insurance …
TransRe has reorganized its global underwriting structure and promoted key leaders in the areas of Regional Markets, North America, Global Portfolio Management, Europe and Asia Pacific. In addition, it has restructured its casualty/liability and its professional liability teams. Paul McKeon, …
Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through a merger with Omnichannel Acquisition Corp., a blank-check firm led by Matt Higgins, a longtime investor who has appeared as …
Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp’s electric vehicle trial in London, called “bp EV Pro.” The package is designed specifically for ride-hail …
The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third in the five years since the government launched an initiative to improve gender balance in the sector, a report on …
The death toll from flooding in Western Europe climbed above 180 on Sunday after rescue workers dug deeper into debris left by receding waters. Police put the toll from the hard-hit Ahrweiler area of western Germany’s Rhineland-Palatinate state at more …
As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage, questions are being asked about who will foot the bill. While some claims will be assessed by heavyweight insurers such …
IIAT The Independent Insurance Agents of Texas (IIAT) elected Gaylon Brown of TexCap Insurance in Dallas to serve as chair for 2021-2022 during IIAT’s annual business meeting on June 25, 2021. Brown is CEO and Managing Partner of TexCap Insurance …
The United States on Friday took a new stab at Russia’s cybersecurity industry, restricting trade with four information technology firms and two other entities over “aggressive and harmful” activities – including digital espionage – that Washington blames on the Russian …
U.S. Surgeon General Vivek Murthy stood by federal guidance that those fully vaccinated against COVID-19 no longer needed to wear masks, while blaming social media companies for fueling vaccine misinformation. Murthy told CNN’s “State of the Union” that allowing vaccinated …
