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Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court
China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland China and Hong Kong affiliates, among the largest corporate claims ever sought in the city. Of the total amount, liquidators …
People Moves: Aon Announces Leadership Promotions for EMEA and Latin America; Markel International Promotes Rice to Head of Global Development, Trade Credit
This edition of International People Moves details appointments at Aon in EMEA and Latin America and Markel International. A summary of these new hires follows here. Aon Announces Leadership Promotions for EMEA, Latin America Insurance broker Aon plc announced that …
MNRB’s Labuan Re acquisition to strengthen reinsurance focus and boost international growth
MNRB Holdings Berhad, a Malaysian investment holding company, has announced a conditional share purchase agreement to acquire the remaining 80% equity interest in Labuan Reinsurance (L) Ltd for approximately USD100.69 million in cash. Currently, Labuan Re operates as an associate company of Malaysian Reinsurance Berhad, MNRB’s wholly-owned subsidiary, which holds a 20% stake. Following the […] The post MNRB’s Labuan Re acquisition to strengthen reinsurance focus and boost international growth appeared first on ReinsuranceNe.ws.
Sompo International’s adjusted profit rose 69% and CoR improved to 82.1% in FY’25
Sompo International Holdings Ltd., a specialty provider of property, casualty, and specialty re/insurance, reported an adjusted profit of $1.7 billion for full year 2025, up 69% from $1.0 billion in FY’24, while its discounted combined ratio (CoR) improved to 82.1% from 90.6%. The company said the improved CoR was driven by a lower loss ratio, […] The post Sompo International’s adjusted profit rose 69% and CoR improved to 82.1% in FY’25 appeared first on ReinsuranceNe.ws.