Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group. Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario, were not disclosed. Pembroke, Ontario-based EGM had its roots as …
Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this year’s April and June renewals, reinsurers saw some green shoots, with …
South Korea said Friday that it is scrambling to prevent the spread of the highly contagious African swine fever on its pig industry after North Korea confirmed an outbreak at a farm near its border with China. South Korea’s agriculture …
Aluminum producer Norsk Hydro, the victim of a cyber attack in March that paralyzed its IT systems, posted an 82% drop in first-quarter core profit on Wednesday and said a rise in global uncertainty could impact its markets. The Norwegian …
Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone economy and spawning an offshore financial center, the head of the U.S. derivatives watchdog said. “It is clear that London …
AXA XL Insurance has partnered with IPRS Health to launch an employer’s liability insurance solution, AXA XL HealthAssist, for UK organizations. With workplace injury and new cases of work-related ill-health costing employers approximately £3 billion ($3.8 billion) per year in …
Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. In 2018, 46 large ships were …
An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of potential good news is embedded in those statements, according …
Russian airline Aeroflot has scaled back the number of Sukhoi Superjet 100 flights it operates after one of its planes made a crash-landing last month, killing 41 people, according to data provided by a flight tracking website. Flightradar24 data shows …
HDI Global Specialty SE announced the appointment of Alan Waters as global head of Distribution and Business Development. Waters will report to Richard Taylor, a member of the Executive Board of Management and UK managing director at HDI Global Specialty …
