China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources November 22, 2022 By Kane Wu and Andres Gonzalez China’s Fosun International Ltd. has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move November 22, 2022 By L.S. Howard Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a...
Cyber Risk Modeler DeNexus Opens UK Office November 22, 2022 DeNexus Inc., the Sausalito, Calif.-based provider of cyber risk modeling, has opened an office in London as part of its...
People Moves: Amwins Global Risks Promotes Cody to MD; Markel Bermuda Names Cardoso Head of Office; BMS Re Taps QBE Re’s Larson for Casualty Broking November 22, 2022 This edition of International People Moves details appointments at Amwins Global Risks, Markel Bermuda and BMS Re. A summary of...
China to Fine Ant Group More Than $1B as Regulatory Revamp Nears End: Sources November 22, 2022 Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six...
Russia Says It Won’t Sell Oil to Nations That Cap Prices November 22, 2022 By Bloomberg News Russia doesn’t plan to supply crude or oil products to nations that implement a price cap, according to Deputy Prime...
Aircraft Lessors Sue Insurers for $6.5 Billion Over Planes Trapped in Russia November 22, 2022 Aircraft leasing firms are suing dozens of insurers for around $6.5 billion in a string of lawsuits over the loss...
COP27 Delivers Climate Fund Breakthrough at Expense of Progress on Emissions November 21, 2022 By Valerie Volcovici, Dominic Evans and William James Countries closed this year’s U.N. climate summit on Sunday with a hard-fought deal to create a fund to help poor...
People Moves: Liberty Specialty Mkts Names Intact’s Conran as CUO; Arch Taps WTW’s Bradley as Cyber U/W; Rokstone’s iFarm Underwriting Recruits from Marsh, Geo November 21, 2022 This edition of International People Moves details appointments at Liberty Specialty Markets, Arch Insurance International, and Rokstone’s iFarm Underwriting. A...
Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B-US$3B November 21, 2022 Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion –...