Lloyd’s of London Trade Body Examines Planned Conduct Overhaul December 16, 2024 Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its...
Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance December 16, 2024 By Yantoultra Ngui German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion,...
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s December 13, 2024 American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan....
Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk December 13, 2024 Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and...
Swiss Re Targets Net Income of More Than US$4.4 billion for 2025 December 13, 2024 Swiss Re is targeting a net income of more than US$4.4 billion for 2025 and aims to grow the ordinary...
Aviva’s India Officials Approved Brokerage Model Queried by Taxmen December 13, 2024 By Aditya Kalra and Nikunj Ohri An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023...
Ukraine Identifies Tankers It Says Are in Russia’s Shadow Oil Fleet December 13, 2024 Ukraine identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its...
Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025 December 13, 2024 Munich Re is aiming for an IFRS net profit of €6 billion (US$6.3 billion) in 2025 as a result of...
People Moves: HDI Global Promotes Schulte as Global Head of Marine; Amwins Global Risks Hires Ewing to Lead Transactional Risk Practice December 12, 2024 This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new...
Digital Lloyd’s Syndicate Ki to Become Standalone Business Within Fairfax Group December 12, 2024 Brit Ltd. and Ki announced that Ki will operate as a standalone company within the Fairfax Group, effective Jan. 1,...