Italy’s biggest insurer, Generali, kept its guidance unchanged on Thursday after posting a 9.9 percent drop in nine-month profits due to a loss on the sale of its Dutch business. Profits for the period totalled 1.463 billion euros ($1.7 billion), …
For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market. The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros ($1.1 billion), to help pay for …
Starr Cos. reaffirmed its commitment to the Singapore insurance market, despite the fact it has decided to discontinue underwriting new business through the Starr Singapore Underwriting Agents, representing its Lloyd’s Syndicate 1919. Starr emphasized that Starr International Insurance Singapore Pte. …
Navya Technologies SAS will roll its robot-driven automobiles onto the cobbled streets of Paris in the next few weeks to try and beat behemoths from General Motors Co. to Alphabet Inc. at proving autonomous cars are safe. The French startup’s …
Advent Claims, the insurtech-led claims third party administrator (TPA), announced it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting. Principia, which previously managed claims in-house, will implement Advantage, Advent’s proprietary claims management system, to …
A unit of state-owned China Taiping Insurance Group is in advanced talks to acquire a newly built office tower in Hong Kong from Henderson Land Development Co., according to people with knowledge of the matter. China Taiping is negotiating to …
A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. [Editor’s note: Reuters issued a clarification to say …
Zurich Insurance Group announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Insurance Ireland DAC (Catalina) to transfer its German legacy medical malpractice book to Catalina. The portfolio concerned represents reserves of approximately US$450 million …
A powerful typhoon that rocked Vietnam has killed at least 44 people, left more than a dozen missing and caused extensive damage to the country’s south-central region ahead of a summit that will draw leaders from around the world, the …
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) announced that Scott Spaven, who is currently head of Client & Broker Engagement for Singapore and Southeast Asia, is taking on the additional role of head of Liabilities and Financial Lines for …
