Generali to sell German life insurance unit to Viridium
Italian insurance giant Assicurazioni Generali has agreed to sell 89.9% stake in its German life insurance business to the Viridium Group for up to €1.9bn. The Italian firm holds a…
USA tariffs may boost trade credit insurance business
The news of Trade wars between US and other countries are looked upon as a great opportunity to insurers. US President has set off fears of a global trade war…
Willis Granted Full Insurance Broker License by China
Willis Towers Watson reports that China’s Banking Insurance Regulatory Commission (CBIRC) earlier this month approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance…
Mercer’s Sun to Succeed Zheng as CEO of AIG’s China Insurer
American International Group announced that Lisa Sun will join the company as chief executive officer of AIG Insurance Company China. Sun joins AIG from Mercer, where most recently she was…
Uber Expands Health Insurance Benefit to Drivers in 21 European Countries
Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off…
Lloyd’s Brussels subsidiary granted regulatory approval
Lloyd’s, the world’s specialist insurance and reinsurance market, announced that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Company S.A. (Lloyd’s Brussels). The licence…
Chinese Insurer Anbang receives $9.6-b government support
The troubled Chinese insurer that owns New York City’s Waldorf Hotel said that it is receiving a $9.6 billion bailout from a government-run fund. Regulators seized control of Anbang Insurance…
WHO lauds National Health Protection Scheme
World Health Organisation director-general Tedros Adhanom Ghebreyesus lauded National Health Protection Scheme and Ayushman Bharat initiative, saying they have the potential of transforming the lives of hundreds of millions of…
World Bank interested in expanding satellite-based flood insurance scheme across eastern India
After the success of the pilot project on Index-Based Flood Insurance (IBFI) for farmers in Bihar, the World Bank has shown interest in helping to scale up the plan across…
Munich Re eyes purchasing London Property, which may become UK HQ
Munich Re, the world's largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, sources…