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...
UK Specialty MGA Nirvana Launches With ‘Ambitious Growth Plans’ March 9, 2023 Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk...
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’ March 9, 2023 By L.S. Howard Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses...
Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms March 9, 2023 By Iain Withers and Sinchita Mitra Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors...
Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research March 9, 2023 By Leslie Kaufman There are more than 170 trillion tiny plastic particles — or 2 million tons of them — floating on the...