UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will get about 450 million pounds in the …
COVID-19, mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance Journal. Other noteworthy topics included business moves — from startups and existing companies — and natural and manmade catastrophes. We provide …
MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to …
Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. …
LONDON – Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31. The 27-nation EU is Britain’s biggest financial services customer, worth about 30 billion …
The top international news story of 2020 was the announcement in March of Aon’s proposed merger with Willis Towers Watson. The subject was of such interest to international readers that four of the 15 most-read articles involved the Aon-WTW merger. …
Argo Group International Holdings Ltd., a Bermuda-based underwriter of specialty insurance products, announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A (AGA) to Perfuturo Capital AG, a Swiss holding company. Perfuturo is fully owned by Philantra Holding AG …
LONDON/BRUSSELS – Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire. The …
MILAN – An investigation into a data theft at Leonardo has found that a hacker working inside the Italian defense group appeared to target details of Europe’s biggest unmanned fighter jet program and aircraft used by the military and police, …
Allianz SE’s real estate unit will take a majority stake in a portfolio of buildings owned by British Land Co. in London’s virus-roiled West End district. The insurance giant has agreed to pay 401 million pounds [$539 million] for a …