Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, according to a …
A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers said. Trade credit insurance for insolvencies of foreign customers …
Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately. Reporting to Chloe Gordge, head of War …
Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as for their insurers, according to a report published by Allianz Commercial. The impact of civil unrest or strikes, riots and …
Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance facility that provides Marsh clients with enhanced protection and a streamlined client experience. CyberShore Bermuda provides up to $30 million in …
The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Treasuries …
An ad for TotalEnergies SE inflated the oil company’s investments in renewable energy, misleading consumers, the UK’s advertising regulator ruled on Wednesday. Another commercial for Shell, which promoted its investments in EV charging stations and renewable energy, as well as …
MNK Group has launched a new unified brand, which integrates its broking, MGA, and risk-taking entities to ensure a consistent customer experience. The new group website (groupmnk.com) connects all underlying entities across the UK, Europe, North America, Latin America, Africa, …
China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset …
Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re in their renewal reports. Reinsurers continued to demonstrate an appetite …
