Britain Proposes Diversity and Misconduct Rules for Financial Services Firms September 25, 2023 By Huw Jones Britain’s financial regulators proposed guidance on Monday for financial firms to tackle sexual harassment and bullying, along with new requirements...
Russia Dodges G7 Price Cap Sanctions on Most of Its Oil Exports: FT September 25, 2023 Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the...
Aviva Agrees to Acquire AIG’s UK Protection Business for $563 Million September 25, 2023 By Iain Withers Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds...
People Moves: Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative, Reinsurance Solutions; Miller Launches APAC Treaty Team September 22, 2023 This edition of International People Moves details appointments at Aon and Miller. A summary of these new hires follows here....
Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson September 22, 2023 Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for...
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions September 22, 2023 By Susanne Sclafane The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely...
Copper Producer Aurubis Says Metal Scam Cost It €185 Million September 22, 2023 By Thomas Biesheuvel Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis...
RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources September 22, 2023 By Elffie Chew Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as...
From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes September 21, 2023 By L.S. Howard One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client...
Maritime Industry Eyes Nuclear Power for Ships as Tech Advances; Insurers Are Wary September 21, 2023 By Jonathan Saul The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open...