Allianz Returns to Q4 Net Profit After U.S. Funds Debacle February 17, 2023 By Tom Sims and Alexander Hübner Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a...
Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data February 17, 2023 By Nick Carey A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose...
G20 Watchdog to Tackle ‘Vulnerabilities’ in Decentralized Finance After FTX Collapse February 16, 2023 By Huw Jones The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in...
People Moves: MGA Rokstone Names Heaton From Nexus as Head of D&O; RSA Hires CNA Hardy’s Westwood for Cyber Underwriting Team February 16, 2023 This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance. A summary of these...
Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
Turkey Needs to Build Million Homes After Earthquakes, Developer Says February 16, 2023 By Taylan Bilgic Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes,...
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms February 16, 2023 Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and...
EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List February 16, 2023 By Alberto Nardelli The European Union is poised to force banks to report information on Russian Central Bank assets as part of the...
New Zealand Searches for Missing After Cyclone; Sizable Economic Cost Expected February 16, 2023 By Tracy Withers New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will...
RiverStone Completes Reinsurance-to-Close with MS Amlin, Largest in Lloyd’s History February 15, 2023 RiverStone International, a leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin...