All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Generali annual net profit rises 12% on broad-based growth
In the life segment, GWPs stood at €61.9bn ($70.78bn), an increase of 1.4%.
Allianz and Sun Life vie for HSBC Singapore insurance unit – report
Japan’s Dai-ichi Life Holdings and Nippon Life Insurance are also potential bidders for HSBC Life Singapore.
Chubb to lead $20bn US shipping insurance scheme in Gulf
The scheme aims to help restore commercial shipping activity in the region by offering hull and machinery and cargo insurance.
UK’s PRA fines Direct Line subsidiary over solvency II reporting error
This error led to inflated reports of the company’s solvency to both regulators and the market.
Risk Theory takes over Roundhill Express
The deal is Risk Theory’s first MGA acquisition and part of its strategy to expand within specialised insurance markets.
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Beazley agrees to acquire US-based kWh Analytics
The purchase aims to enhance Beazley’s expertise in modelling, underwriting, and managing risks tied to renewable energy portfolios.
Lockton appoints Aon’s Livy Dai as China CEO
Dai previously worked with Aon for 29 years and was instrumental in establishing the company’s footprint in China.
Zurich to buy Generali’s Irish non-life unit for $389m
The deal aligns with Zurich’s retail strategy in the EMEA region and is expected to strengthen its competitive position in Ireland.
US to deploy $20bn maritime reinsurance facility amid Iran conflict
The initiative is intended to support shipping operations and international trade amid ongoing tensions with Iran.
Prudential’s Japan unit finds unauthorised data sharing by staff
According to the company, 11 staff members collected operational information on 379 occasions from seven different agencies.