India Pursues Insurance, Gaming Firms Over Alleged Tax Evasion September 28, 2023 By Shruti Srivastava and Advait Palepu Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms...
Re/insurance Broker UIB Expands in South America With Launch of 2 Firms in Peru September 28, 2023 United Insurance Brokers (UIB), the London-based international re/insurance broker, has announced an agreement to create two new companies in Peru,...
Pegatron India Fire Traced to Workers’ Failure to Turn Off Electrical Switch: Sources September 28, 2023 By Praveen Paramasivam A factory fire at iPhone assembler Pegatron India was sparked by a short-circuit after an electrical switch was left on,...
Wind Power Industry Hit by Perfect Storm of Supply Chain Delays, Design Flaws, Costs September 28, 2023 By Nina Chestney A perfect storm of supply chain delays, design flaws and higher costs in the offshore wind industry has put dozens...
Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment September 28, 2023 By Huw Jones Britain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its...
Layoffs, Remote Working Hinder Diversity Push, UK Finance Executives Say September 28, 2023 By Huw Jones Layoffs, working from home and misguided tips on how to get ahead are hindering moves by financial firms on inclusion...
People Moves: Sompo Int’l Taps Chubb’s Gossé for Cyber Ins., Continental Europe; Allianz Commercial Names Vogler Chief Regions & Mkts Officer, Succeeding Haagen September 27, 2023 This edition of International People Moves details appointments at Sompo International and Allianz Commercial. A summary of these new hires...
Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance September 27, 2023 Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial...
Markets/Coverages: Aon Offers Financial Institutions Solution With Capacity of $100M September 27, 2023 Insurance broker Aon plc announced the launch of a flagship new insurance solution, FI Protect 360, created in collaboration with...
Hiscox Agrees to Sell Motor Insurance Business in Singapore and Thailand September 27, 2023 Hiscox Ltd., the Bermuda-headquartered specialist insurer, announced it has entered into an agreement to sell DirectAsia, its motor insurance business...