Insurance - Global Business Magazine

DIFC Attract Record Number of Companies in 2021

Global Business Magazine February 17, 2022

Living up to its reputation as business-friendly destination across the Middle East, the Dubai International Finance Centre (DIFC) has attracted 996 companies, the Read More

Insurance Featured News Regional

GCC Insurance Industry Poised To Grow In Post-Pandemic Era

Global Business Magazine February 10, 2022

Overcoming the hurdles caused by COVID-19 pandemic, the GCC Insurance market is set to grow at the rate of 3.2% from $26.5 billion in 2021 Read More

Insurance COVID-19 Finance News World

Insurer MetLife’s quarterly profit beats on higher investment gains

Global Business Magazine February 3, 2022

MetLife Inc's (MET.N) fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit Read More

Banking News World

Credit Suisse files five insurance claims on Greensill-linked funds

Global Business Magazine January 13, 2022

Credit Suisse (CSGN.S) has filed five insurance claims related to $1.17 billion in exposure across two of its Greensill-linked supply chain finance Read More

Business Economy News World

Natural disasters cost insurers $120 billion in 2021, Munich Re says

Global Business Magazine January 10, 2022

Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world's insurers, Read More

Business News World

Zurich Insurance to sell Italian life and pensions back book to GamaLife

Global Business Magazine January 3, 2022

ZURICH, Jan 3 (Reuters) - Zurich Insurance (ZURN.S) will release about $1.2 billion of capital by selling its Italian life and pensions back Read More

Banking News World

EXCLUSIVE UBS in talks with China Life for China asset management JV-sources

Global Business Magazine December 16, 2021

UBS Group AG (UBSG.S) is in talks with China Life Insurance Group to launch an asset management joint venture in China, Read More

Banking News World

Morocco’s BCP Bank open to acquisitions in Africa, CEO says

Global Business Magazine December 15, 2021

BCP Banking group, one of Morocco’s biggest lenders, is open to acquisitions and partnerships in Africa, its CEO told Reuters.Read More

Business Finance News World

EXCLUSIVE Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn -sources

Global Business Magazine December 9, 2021

Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic Read More

Business Featured Finance News Technology World

EXCLUSIVE Investor Warburg cuts Ant valuation by 15% to below $200 bln – source

Global Business Magazine November 24, 2021

Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion Read More

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