People Moves: Childs to Retire as Chair of Hiscox; Optio Taps Munich Re’s Kennett as UK Head of Political Risk & Terrorism; Conduit Re Names BMS Re’s Binetti to Lead Casualty March 8, 2023 This edition of International People Moves details appointments at Hiscox, Optio Group and Conduit Re. A summary of these new...
UK Insurtech Azur Group Sells Tech Services Unit to Senior Managers, Creating New Firm March 8, 2023 Azur Group, the UK-based insurtech, has agreed to sell its technology services business to its senior managers, backed by prominent...
Cyclone Freddy Sets New Record as World’s Longest-Lasting Tropical Storm March 8, 2023 By Low De Wei A tropical cyclone churning off the coast of Madagascar and expected to make landfall for a second time in Mozambique...
Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure March 8, 2023 By Esteban Duarte Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Head of UK Employer Group CBI Steps Aside Over Allegations March 7, 2023 The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body...
Markets/Coverages: Verlingue Launches Dedicated Media Practice in UK March 7, 2023 Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in...
Climate Change to Cost Germany Up to €900B by 2050: Study March 7, 2023 Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage...
Ukraine Holds Online Talks With Partners on Grain Export Deal Extension: Source March 7, 2023 By Pavel Polityuk Ukraine has started online talks with partners on extending the Black Sea Grain Initiative aimed at ensuring Kyiv can keep...
Update: China to Launch National Financial Regulator in Major Supervisory Overhaul March 7, 2023 China will set up a new financial regulatory body consolidating oversight, which analysts said was aimed at closing loopholes with...