EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants November 29, 2022 By Huw Jones Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as...
People Moves: Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair; Tokio Marine HCC Int’l Promotes Herrero as CEO for European Operation November 28, 2022 Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair Tysers Insurance Brokers, the London-based broker, announced the appointment of...
FTX Crash Injects Urgency Into Regulating Crypto Sector: Global Securities Watchdog November 28, 2022 By Huw Jones The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such ‘conglomerate’ platforms will...
Tesla Recalls More Than 80,000 Cars in China on Software, Seat Belt Problems November 28, 2022 By Bloomberg News Tesla Inc. is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory...
Fidelis Receives Regulatory Nod to Create New MGU, Split Business November 28, 2022 Fidelis Insurance Holdings Ltd. announced it has received regulatory approval to create a new managing general underwriter (Fidelis MGU), which...
Markel International Merges Professional and Financial Risks Division With Cyber Team November 28, 2022 Markel International, a subsidiary of Markel Corp., announced it will merge its professional and financial risks (PFR) division with its...
Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art November 28, 2022 By Carolyn Cohn, Noor Zainab Hussain and Barbara Lewis Climate activists’ attacks on some of the world’s most precious paintings have added to insurers’ worries about the threat to...
Private Equity Firm KKR Nears €2.3 Billion Deal for French Insurance Broker April Group November 28, 2022 By Jan-Henrik Förster and Ruth David French insurance broker April Group said private equity firm KKR & Co. has become its new majority shareholder, according to...
Liberty Mutual Explores $1 Billion Sale of Europe Businesses November 23, 2022 By Jan-Henrik Förster and Aaron Kirchfeld Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals November 23, 2022 Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according...