People Moves: Sompo Int’l Taps Berkshire’s Crozier for UK Casualty; AXA XL Re Promotes Abend for Bermuda Property; Gallagher Re Names Senior Leaders in Holland December 22, 2022 This edition of International People Moves details appointments at Sompo International, AXA XL Reinsurance and Gallagher Re. A summary of...
Howden Acquires Italian TV and Film Broker Assimovie December 22, 2022 Howden, the international insurance broker, announced it has agreed to acquire Assimovie, the leading TV, film and advertising insurance broker...
Chinese Electric Automaker Nio Hit by Ransomware Attack December 22, 2022 China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and accessed data on users and vehicle...
Verisk to Acquire Swedish Claims Insurtech Mavera December 22, 2022 Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates...
UK Insurers, Banks Hope for Substantive Financial Services Reforms in 2023 December 22, 2022 By Katherine Griffiths After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head...
Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot December 22, 2022 A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate...
Investigators Probe Failure of Italy’s Vega C Rocket; Satellite Insurers Expect Profit Hit December 22, 2022 An investigation is being launched after the latest version of Italy’s Vega C rocket failed on its second mission, destroying...
Arthur J. Gallagher Acquiring Brazilian Broker Interbrok December 21, 2022 Arthur J. Gallagher & Co. announced the acquisition of São Paulo, Brazil-based Interbrok Group. Financial terms of the deal were...
White Mountains Subsidiary Ark Sponsors Prop-Cat Re Sidecar December 21, 2022 White Mountains Insurance Group, Ltd. announced today that Ark Insurance Holdings Limited, its specialty property/casualty reinsurance and insurance subsidiary, has...
AXIS CEO Benchimol to Retire; Tizzio to Succeed December 21, 2022 AXIS Capital Holdings announced that Albert A. Benchimol will step down from his role as president and chief executive officer...