All News articles – Page 81
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NewsAon-WTW merger allows for ‘combination of complementary solutions’ – GlobalData
Contradicting the lawsuit issued by the US Department of Justice this week, broker Aon’s takeover of Willis Towers Watson (WTW) would instead “allow for a combination of complementary solutions, capabilities and skill sets that would better assist consumers”, said data and analytics company GlobalData.
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NewsLloyd’s of London secures £650m five-year cover for Central Fund
Lloyd’s of London has revealed it has secured a landmark £650m cover for the Central Fund for a five-year period supporting sustainable, profitable long-term market growth.
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NewsAon and Willis Towers Watson Issue Statement on U.S. Department of Justice Action
“We disagree with the U.S. Department of Justice’s action, which reflects a lack of understanding of our business, the clients we serve and the marketplaces in which we operate.”
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NewsU.S. sues to stop Aon’s purchase of Willis Towers Watson
The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping insurance broker Aon’s (AON.N) $30 billion acquisition of Willis Towers Watson because it would reduce competition and could lead to higher prices.
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NewsFlock partners with Asia’s largest insurer to reinvent commercial fleet insurance
Insurtech Flock has partnered with the European arm of Asia’s largest insurer, Aioi Nissay Dowa Insurance (AND-E UK), to transform how commercial fleet insurance is priced and distributed.
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NewsBriefing: Gefion bankrupt - why do brokers lose their senses with unrated insurers?
Gefion’s bankruptcy repeats the familiar tale of unrated insurers
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NewsLaw firm advises Howden Group amid Parhelion launch
International law firm RPC has advised Howden Group on the launch of Parhelion – the world’s first fully sustainable insurer.
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NewsConsumer group questions extent of Covid cover in travel policies
Consumer group Which? is questioning whether travel insurers are living up to their claims that they provide “complete” Covid-19 cover after its research found that only two travel insurance providers offer all-round financial protection for policyholders, reported the BBC.
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NewsInsurance sector could fork out up to $3bn for Tokyo Olympics cancellation
The insurance sector could pay out between $2 to $3m for the cancellation of the impending Tokyo Olympic Games to begin 23 July, according to an analysis from Bloomberg Intelligence.
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NewsAXA France offers €300m BI settlement to 15,000 restaurant clients
AXA France has offered a €300m financial business interruption (BI) solution to 15,000 restaurant owners on the insurer’s standard insurance policy, including extended coverage for losses linked to administrative closure.
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NewsBermuda assesses G7’s outline for new global tax system
Curtis Dickinson, Bermuda’s finance minister, reacting to his G7 counterparts’ commitment to a minimum corporate tax, last night said: “It is critical that any agreed framework to establish a global minimum tax, must respect a country’s right to sovereignty in relation to its tax system.”
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NewsWTW: Global insurance industry faces IFRS 17 costs estimated at US$15 to US$20 billion
As the January 2023 transition date approaches, over 300 insurers reveal their top challenges in this comprehensive study by Willis Towers Watson
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NewsCanopius announces the launch of its algorithmic underwriting platform, Vave, as an MGA
Vave MGA is forecast to exceed $100m premium by the end of the year, and, as a digital platform with diverse capital, Vave is positioned for rapid and sustained growth.
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NewsSteps towards cyber resilience
Three proven strategies business leaders can deploy to accelerate cyber transformation
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NewsLessons in risk from the Suez crisis
Suez, COVID and Brexit have challenged assumptions about the complex supply chain risks modern corporates must contend with
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NewsEmerging risks and the “COVID effect”
Government support programmes have kept alive unviable zombie companies, while wealth inequality has broadened, finds Swiss Re SONAR
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NewsMajor websites affected by cloud outage
Fastly said CDN services were impacted as dozens of sites, including Amazon and the UK government, were unavailable
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NewsDenmark, Norway most resilient nations - FM Global
Climate risk is an increasingly important factor for companies and leaders making strategic decisions
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NewsIntact and Tryg complete cash acquisition of RSA
Bidco, a wholly owned subsidiary of Canadian insurer Intact Financial Corporation, and Danish insurer Tryg A/S have completed their acquisition of RSA, effective today.
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NewsTencent Venture wins license to offer reinsurance in Hong Kong
A joint venture controlled by internet giant Tencent Holdings Ltd. has won a license to offer reinsurance services in the financial hub of Hong Kong, marking a new move into the financial services realm outside its Chinese 2home market, a knowledgeable source told Caixin.
