Country: Global Page 59 / 60
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- August 13 2018
Zurich beats profit expectations
Income in the first six months of the year rose 19% to US$1.8bn, surprising analysts.
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- August 10 2018
Ping An targets US$50bn+ Pru acquisition
Rumours about the potential acquisition came as a surprise to many, including the Pru.
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- August 10 2018
Babylon’s US$100m AI doctor
The British health chatbot is set to offer advice in 12 Asian markets after deal with Prudential.
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- August 6 2018
AIG profit down 17%
Issues within its general insurance business weighed on the profit of AIG during the second quarter.
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- August 2 2018
M&A rises again in first half of 2018, led by Asia
Activity rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017.
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- July 31 2018
Reinsurers ready for another year of active nat cats
Despite some capital depletion, the reinsurance sector remains resilient enough to withstand another year of losses.
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- July 27 2018
Tough times as Qatar Re quits Singapore
The Bermuda-based reinsurer is hurting after nat cat losses, forced reserve increases and a diplomatic spat in the Gulf.
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- July 27 2018
Chubb reports 6% profit bump
CEO Evan Greenberg is positive on rates as the company reports US$1.25bn for the second quarter of 2018.
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- July 27 2018
Losses from disasters significantly down in first half of 2018
Insurance payouts are estimated at US$21bn, 64% lower than the 10-year average of US$124bn.
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- July 24 2018
Zurich buys Blue Insurance
The US$59m acquisition involves the travel insurance intermediary's operations in the UK and Ireland.
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- July 20 2018
US tariffs could drive up cost of insurance
The US government’s trade war with China and the EU could drive up the cost of auto repairs.
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- July 19 2018
Munich Re appoints new CFO
CFO of Ergo Group Christoph Jurecka is set to replace Joerg Schneider, who is leaving the company to retire.
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- July 17 2018
Nippon Life drops global coal finance from its portfolio
The Japanese insurer has chosen to restrict new investment into coal plant projects.
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- July 11 2018
Blockchain in insurance sector to hit US$1.4bn by 2023
The size of the market is expected to grow at close to 85% a year, according to new research.
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- July 5 2018
Zurich extends flood resilience alliance until 2023
The multi-sector alliance aims to generate US$1bn in additional funding for flood resilience.
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- July 4 2018
Israeli insurer Phoenix calls off deal with China’s Sirius
The cancellation of the deal came after the Chinese insurer failed to secure regulatory approval.
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- July 2 2018
Beale to exit Lloyd’s
Lloyd’s on hunt for CEO following Inga Beale’s decision to depart.
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- June 29 2018
Manulife to free capital by offloading businesses
Over the next three years the company is planning to free up US$5.1bn partly through the sale of some of its businesses.
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- June 29 2018
Digital insurance platform market to grow 13.7% a year
Fuelling the growth will be the internet of things, as well as the shift of insurers' focus to customer-centric strategies.
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- June 15 2018
Fed hike offers mixed blessing
Rising rates benefit dollar bond investors in the long run but signal growing policy divergence in Asia.
