AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources July 12, 2023 By David French and Pablo Mayo Cerqueiro One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure...
People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire July 11, 2023 This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller. A summary of these new...
Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer July 11, 2023 By Stefanno Sulaiman and Fransiska Nangoy Indonesia’s coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude...
Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec July 11, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions...
Former VW Executives Ordered to Testify in Investor Lawsuit July 11, 2023 By Karin Matussek A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London July 11, 2023 By Huw Jones Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies...
Insurance Claims From French Riots Rise to $716 Million July 11, 2023 By Benoit Berthelot Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost...
Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew July 11, 2023 By Julian Lee and Alex Longley A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than...
Allianz Replaces UnipolSAI in UniCredit’s Insurance Venture Incontra July 10, 2023 UniCredit said on Friday it was ending a non-life insurance venture with UnipolSAI as it strengthened its relationship with Germany’s...