Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S. March 9, 2023 By Huw Jones Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global...
Russian Cyberwar Against Ukraine Stumbles, Just Like Conventional One March 9, 2023 By William Turton and Andrew Martin Even before Russia invaded Ukraine, its hacking offensive was well under way. Suspected Russian hackers targeted Ukrainian government and financial...
Updated: Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes March 9, 2023 By Laura Benitez and Anna Edwards Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service...
New Reinsurance Brokerage, ReFlex Solutions, Launches in Bermuda March 8, 2023 ReFlex Solutions Ltd., a new independent reinsurance brokerage, has launched in Bermuda with near-term plans for expansion into London and...
People Moves: Childs to Retire as Chair of Hiscox; Optio Taps Munich Re’s Kennett as UK Head of Political Risk & Terrorism; Conduit Re Names BMS Re’s Binetti to Lead Casualty March 8, 2023 This edition of International People Moves details appointments at Hiscox, Optio Group and Conduit Re. A summary of these new...
UK Insurtech Azur Group Sells Tech Services Unit to Senior Managers, Creating New Firm March 8, 2023 Azur Group, the UK-based insurtech, has agreed to sell its technology services business to its senior managers, backed by prominent...
Cyclone Freddy Sets New Record as World’s Longest-Lasting Tropical Storm March 8, 2023 By Low De Wei A tropical cyclone churning off the coast of Madagascar and expected to make landfall for a second time in Mozambique...
Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure March 8, 2023 By Esteban Duarte Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Head of UK Employer Group CBI Steps Aside Over Allegations March 7, 2023 The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body...