China’s services sector got off to a flying start in 2018, expanding at its fastest pace in almost six years as new orders surged and companies rushed to hire more staff, a private survey showed on Monday. Economists also attributed …
All the miners who were trapped underground for more than 24 hours after a storm knocked out power lines supplying electricity to the Beatrix gold mine in South Africa have been rescued, operator Sibanye-Stillwater said on Friday. In a painstaking …
Taiwan venture capital firm Nogle Capital Management, Singapore venture capital firm GREE Ventures and several angel investors have participated in the seed funding round of SGD$1 million for Singapore startup Vouch Insurtech, a digital, peer-to-peer car insurance buying platform. Founded …
Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends in the insurtech sector. “Re/insurers, directly and through corporate venture …
Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cyber security firm Digital Shadows warned in a report on Thursday. “Cyber …
Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Bridge Underwriting AB, a Stockholm-based specialist underwriting MGA. Bridge Underwriting, which will begin underwriting in March, will offer relevant lines sizes …
Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately US$106.3 million). The transaction is subject to regulatory …
Run-off specialist Armour Group Ltd. has led a group of investors to acquire Gibraltar-based Elite Insurance Co. Ltd. (EIC) and its affiliate Elite Business Development Ltd. (EBD). The financial details of the transaction were not disclosed. Collectively, EIC & EBD …
French dairy group Lactalis may have been producing salmonella-tainted baby milk for more than a decade, its CEO was quoted as saying on Thursday, adding the growing food safety crisis was likely to cost the company hundreds of millions of …
The London market has launched a simplified system for claims handling in an effort to improve client service and streamline claims agreement across the London market. The Single Claims Agreement is designed “to enable quick and efficient authorization of claims …
