People Moves: MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance; WTW Global Aerospace Heath Names PIIQ’s Heath to Lead Aerospace October 24, 2022 MS Amlin Appoints TMK’s Evans as Senior Underwriter, Marine Reinsurance MS Amlin Underwriting Ltd., the Lloyd’s market re/insurer, announced the...
Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines October 24, 2022 United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement...
Insurers Still Unclear How G-7 Sanctions on Russian Crude Oil Cargoes Will Work October 24, 2022 By Alex Longley Just six weeks before European Union sanctions on Russian oil come into effect, insurers are still unclear as to exactly...
Credit Suisse to Pay $234M to Settle French Tax, Money Laundering Case October 24, 2022 By Tangi Salaun Credit Suisse agreed to pay France 238 million euros ($234 million) to settle a tax fraud and money laundering case...
Everest Insurance Launches Branches in France and Germany October 24, 2022 Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the...
India’s Reliance Industries to Create Financial Services Unit for Its Consumer Businesses October 24, 2022 By P R Sanjai and Dhwani Pandya Reliance Industries Ltd., will create a financial services unit to feed its consumer businesses that are contributing an increasing share...
Climate Change at Top of Insurers’ Concerns, Followed by War-Related Risks October 24, 2022 By Alexandre Rajbhandari Climate change remains at the top of insurance companies’ biggest concerns even as Russia’s invasion of Ukraine stokes geopolitical and...
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets October 21, 2022 By Stephan Kahl Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led...
People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO October 21, 2022 This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these...
Amazon Faces $1 Billion UK Class-Action Lawsuit Over Use of ‘Secretive’ Algorithm October 21, 2022 By Katharine Gemmell Amazon.com Inc. faces a UK class-action lawsuit over claims the tech giant uses a “secretive” algorithm to abuse its dominant...