UK Financial Services Firms Lead Europe in Push to Shrink Board Gender Gap January 10, 2023 By Irina Anghel UK finance firms now have a higher proportion of women on their boards than their European counterparts, a rare boost...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re January 10, 2023 By Tom Sims and Alexander Hübner Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...
French Drugmaker Servier Appeals 2021 Convictions Connected to Weight-Loss Pill January 9, 2023 French drugmaker Servier on Monday launched its appeal against manslaughter and deception convictions handed down by a Paris court in...
Russia’s Flagship Oil Sells at Half Global Prices, Below G7 Imposed Cap January 9, 2023 By Alaric Nightingale Russia’s flagship oil is selling at less than half international prices — and way below a Group of Seven imposed...
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal January 9, 2023 Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year...
People Moves: AXA XL Promotes Coxall to Head of U/W Mgmt, UK & Lloyd’s; LSM Hires BNP’s Faulkner to Lead Digital Strategy in Europe; MS Amlin Beefs Up U/W Team January 9, 2023 This edition of International People Moves details appointments at AXA XL, Liberty Specialty Markets (LSM) and MS Amlin. A summary...
France’s Danone Faces Legal Action Over Plastic Use and Reporting Practices January 9, 2023 By Tassilo Hummel Some environmental groups have taken legal action against French bottled water and dairy group Danone over its plastic use, accusing...
Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant January 9, 2023 By Yingzhi Yang, Brenda Goh and Kane Wu Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to...
Chinese Regulators Approve Capital Raise of $1.5B for Ant Group January 6, 2023 By Zen Soo HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for...