Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data March 13, 2023 By Virginia Furness and Simon Jessop Financial institutions managing $136 trillion in assets will this week call on companies to share more data on their environmental...
Hong Kong’s FWD to File Again for IPO Application: Sources March 13, 2023 By Manuel Baigorri FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for...
AM Best Downgrades SCOR’s Ratings March 10, 2023 AM Best announced Thursday that it has downgraded the financial strength rating to A (excellent) from A+ (superior) and the...
Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk March 10, 2023 By Susana Vera and Ceyda Caglayan Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of...
Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore March 10, 2023 Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business March 10, 2023 Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz...
China’s Financial Regulatory Revamp Raises Hope, but Some Concerns March 10, 2023 By Xie Yu, Selena Li and Carolina Mandl A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power...
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights March 10, 2023 Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and...
UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas March 10, 2023 By Irina Anghel Seven of the UK’s 10 largest listed companies have failed to comply with the FCA’s new gender-diversity quotas, a reminder...
European Central Bank to Test Cyber Resilience of Banks March 10, 2023 The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise...