Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter and remains on track to close out another profitable full year, according to a report published …
Value investor Prem Watsa’s Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India’s central bank is allowing a foreign investor to purchase a majority stake in a domestic …
While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of uncertain economic outlook and evolving government policies in China …
A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers …
China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. The moves could ease some frustration among foreign firms over their …
Markel International, the London-based specialist insurer, has appointed Lynette Brown as underwriter in its livestock team and Emilie Larson as underwriting assistant for the equine team. Brown has over 10 years’ experience in livestock insurance, most recently as livestock underwriter …
Randall & Quilter Investment Holdings Ltd. announced the novation of reinsurance policies issued between 2002 and 2016 by Georgia Atlantic Insurance Ltd. (GAIL) for workers’ compensation, general liability, auto liability and auto property damages. GAIL is a wholly owned, Bermuda-based …
XL Catlin’s insurance operations in Germany have announced the addition of a stand-alone clinical trials solution for life science clients. Life science companies are operating in an increasing complex and litigious environment, the company said in a statement. “They are …
German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account hijacking. N26, previously known as Number26, has …
One third (33 percent) of Canadians admit they have texted while stopped at a red light in the last month, reveals a poll from the Canadian Automobile Association (CAA). That is despite evidence that your mind could still be distracted …
