People Moves: CFC Taps Markel’s Bailey to Lead Cyber U/W; Lockton Hires James as Head of Facilities & Binders; WTW Appoints Aon’s Van Ede for Trade Credit February 9, 2023 This edition of International People Moves details appointments at the MGA CFC Underwriting, Lockton, and WTW. A summary of these...
Lloyd’s Names Former Ascot CEO Brooks as Deputy Chair of Council February 9, 2023 Lloyd’s of London announced that Andrew Brooks has been appointed as deputy chair of the Council of Lloyd’s. Brooks recently...
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch February 9, 2023 Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according...
Earthquake Update: More Than 20,000 Dead Across Turkey, Syria; Rescue Efforts Intensify February 9, 2023 By Bloomberg News Thousands of foreign aid workers have arrived in Turkey and the first UN aid convoy has entered Syria after this...
Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk February 9, 2023 By Kirstin Ridley A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate...
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...