18 02, 2020

Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources

By | February 18th, 2020|Uncategorized|Comments Off on Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources

Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people familiar with the matter. Great Eastern, which …

18 02, 2020

QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring

By | February 18th, 2020|Uncategorized|Comments Off on QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring

QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of the group board. Wilkins will step into the role of group chairman on March 1, 2020, and Becker will retire …

18 02, 2020

12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

By | February 18th, 2020|Uncategorized|Comments Off on 12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …

18 02, 2020

Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance

By | February 18th, 2020|Uncategorized|Comments Off on Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance

Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the IKEA website, was created to extend …

18 02, 2020

Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific

By | February 18th, 2020|Uncategorized|Comments Off on Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific

Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), subject to regulatory and other approvals. PMAP is …

18 02, 2020

Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV

By | February 18th, 2020|Uncategorized|Comments Off on Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV

Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since 2002. Storm Sabine, which was known …

18 02, 2020

Louisiana Student Hospitalized After Pushup Punishment Awarded $183K

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A Louisiana appeals court ruled that a former high school student who was hospitalized after being ordered to perform 200 pushups as punishment was rightfully awarded more than $180,000 in damages. Former McKinley High School student Tristen Rushing was late …

18 02, 2020

HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds

By | February 18th, 2020|Uncategorized|Comments Off on HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds

The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary of HCI Group, to provide replacement policies for Anchor Property and Casualty Insurance Co. policyholders. The approved plan provides policyholders …

18 02, 2020

Officials Warn Mississippi Flooding Could Worsen as Water Continues to Rise

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With the waters in the Pearl River continuing to rise in and around Mississippi’s capital city and more rain on the way this week, the governor warned residents that it would be days before flood waters start to recede. Gov. …

18 02, 2020

2 People Injured After Ceiling Collapses Inside Atlanta Airport Restaurant

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Part of a restaurant ceiling collapsed inside Atlanta’s airport Thursday, leaving a large chunk of it draped over countertops in the dining area. One person was taken to a hospital, and a second person was treated at the scene, airport …