People Moves: Generali’s GC&C Promotes 3 for German Team; Lockton Re Taps AXIS’ Silley for Cyber Practice; Aon Names Penalva Head of Enterprise Clients, EMEA February 8, 2023 This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon. A summary...
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal February 8, 2023 By L.S. Howard Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an...
Earthquakes Deliver Another Blow to Turkey’s Re/Insurance Industry: Reports February 8, 2023 By L.S. Howard Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according...
Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official February 8, 2023 By Huw Jones A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size...
Americanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record February 8, 2023 By Vinícius Andrade, Barbara Nascimento and Amanda Iacone A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch...
UK’s Royal Mail Faces Threat From Ransomware Group LockBit February 8, 2023 UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a...
Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria February 8, 2023 By Bloomberg News Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government...
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance February 7, 2023 BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led...
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C February 7, 2023 This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these...
Hundreds of Shipping Containers Ablaze at Turkey’s Iskenderun Port; Operations Halted February 7, 2023 Hundreds of shipping containers were ablaze at Turkey’s Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to...