International & Reinsurance News

Update: Uber Braces for UK Legal Battles that Could End Its Reign in London

Uber Technologies Inc. is bracing for a long summer of legal battles that could see the end of its reign in London and entitle its drivers to a long list of workers’ rights. A dispute over whether its drivers should …

France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics

The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to protect companies and jobs from the damage that major events such as pandemics can cause, Finance Minister Bruno Le Maire …

Private Equity Firm Aquiline Closes Investment in Dutch Broker Quintes Holding

Aquiline Capital Partners, a global private investment firm specializing in financial services and technology, announced it has closed its investment in Quintes Holding, one of the largest independent insurance brokers in the Netherlands. Financial terms of the transaction were not …

Swiss Re Appoints Bewersdorf as CEO of iptiQ, Its Digital Insurance Platform

Swiss Re announced it has appointed Carlo Bewersdorf as CEO of iptiQ, its digital platform. Bewersdorf will start in this newly created role on Oct. 1, 2020, reporting to group CEO Christian Mumenthaler. Bewersdorf’s appointment follows the announcement in June …

Aviation Broker Piiq Risk Partners Receives License to Operate in France

Piiq Risk Partners, the global aerospace re/insurance broker, announces that it has received regulatory approval to operate in France. Piiq’s French operation will act as a base for expanding its services across the French and European markets. It reinforces Piiq’s …

SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B

Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans to secure about $250 million in …

Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case

UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol, telling a London court that businesses had no choice but to shut down during the pandemic. The clash took place …

China to Offer Additional Insurance, Financial Support for Flood-Hit Regions

China’s banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement that financial …

China Regulator Raises Cap on Equity Investments Made by Domestic Insurers to 45%

China’s banking and insurance regulator said it was raising the cap on how much the country’s insurers can invest in equity assets, an effort trying to bring more long-term funds into the capital market. The China Banking and Insurance Regulatory …

Canadian Insurer Manulife Plans to Increase Diversity by 30% Within 5 Years

Manulife Financial Corp said on Friday it was making a push to increase the representation of minorities across its North American businesses, joining a host of companies that have pledged to improve racial diversity at workplaces. The Canadian insurer is …

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