EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations February 10, 2023 By Huw Jones A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to...
Industry Trailblazer, Former Chairman of AXIS Capital, Michael A. Butt, Dies February 10, 2023 Albert A. Benchimol, president and CEO, of AXIS Capital has issued a letter of remembrance to colleagues about Michael A....
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...