ISTANBUL (Reuters) – Nine people died and hundreds of buildings collapsed in southeastern Turkey on Sunday after a magnitude-5.7 earthquake struck near the border with…
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Chile protests drive doubling in commercial insurance costs
LONDON (Reuters) – Insurance premiums to protect shops and offices in Chile from damage caused by protests have at least doubled, industry sources say, as…
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Risk for Uber affiliate was mispriced: insurer James River's CEO
(Reuters) – A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage…
View More Risk for Uber affiliate was mispriced: insurer James River's CEO
UnitedHealth downgraded, stock price target cut to Street low at Jefferies
Hexo’s stock plunges after revenue warning, 2020 outlook withdrawn Shares of Hexo Corp. HEXO, -25.27% plunged 13% toward a 10-month low in premarket trading Thursday,…
View More UnitedHealth downgraded, stock price target cut to Street low at Jefferies
Germany's Allianz grows in Brazil with $734 million deal
BRASILIA/SAO PAULO (Reuters) – Germany’s insurer Allianz SE (ALVG.DE) will acquire Brazil’s Sul America SA (SULA11.SA) auto and property insurance portfolio for 3 billion reais…
View More Germany's Allianz grows in Brazil with $734 million deal
UK insurance body calls for 'equivalence' in access to EU reinsurance post-Brexit
LONDON (Reuters) – Britain should seek “equivalence” based market access to the European Union for the reinsurance market after Brexit, insurance lobby group London Market…
View More UK insurance body calls for 'equivalence' in access to EU reinsurance post-Brexit Greedy insurance salesman selling customers policies they don’t need
‘Greedy’ insurance company salesmen are selling customers policies they don’t need, City watchdog warns Families are overcharged by ‘greedy’ salesman for policies they don’t need…
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Mitsui Sumitomo Insurance opens global digital hub in Singapore
SINGAPORE – Mitsui Sumitomo Insurance (MSI) has set up a global digital hub at its Asia regional office in Singapore on Feb 1, 2019. The…
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New drivers are spending on average £4,300 for their first car
Forget cheap old bangers – £4,300 is now the average price of a first motor as parents buy teenagers modern cars with better safety features…
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Synagie launches lifestyle insurance app Kiasu.me
SINGAPORE – Catalist-listed Synagie Corporation has launched Kiasu.me, a mobile app and cloud platform offering “pay-as-you-use” lifestyle insurance policies, which cover personal gadgets, family and…
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NTUC Income promotes Andrew Yeo to CEO
Insurer NTUC Income has appointed a new chief executive. Mr Andrew Yeo, the firm’s executive vice-president and general manager of its life and health business,…
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Grab launches free prolonged medical leave insurance scheme for its private-hire drivers
SINGAPORE – Ride-hailing platform Grab launched on Wednesday (Jan 16) a free medical leave insurance scheme for drivers who frequently use its service, in a…
View More Grab launches free prolonged medical leave insurance scheme for its private-hire drivers
Aberdeen Standard Investments takes US$13m minority stake in Singapore Life
SINGAPORE – Life insurance firm Singapore Life on Tuesday (Jan 15) announced its latest cash investment in a series of Series B transactions. The Aberdeen…
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Global natural disasters wreaked $217b in damage in 2018: Munich Re
FRANKFURT AM MAIN (AFP) – Natural disasters, including wildfires, hurricanes and tsunamis, inflicted US$160 billion (S$217.39 billion) of damage and claimed 10,400 lives in 2018,…
View More Global natural disasters wreaked $217b in damage in 2018: Munich Re