UK Government Seeks to Speed Up Post-Brexit Insurance Reforms February 10, 2023 By Katherine Griffiths The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121...
Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets February 10, 2023 By L.S. Howard Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting February 9, 2023 Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has...
Mercedez-Benz Faces More Than 300,000 UK Claims Over Diesel Emissions February 9, 2023 By Sam Tobin Mercedes-Benz faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped...
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...