HSB (UK and Ireland) Creates Commercial Division to Streamline Service July 25, 2022 HSB (UK and Ireland) announced the formation of a new Commercial Division, creating closer alignment between its business development, underwriting...
People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires July 25, 2022 This edition of International People Moves details appointments at AXA XL and Aon. A summary of these new hires follows...
BMS Re Acquires Mexican Surety Reinsurance Broker Calomex July 25, 2022 BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS...
Fidelis to Launch New MGU That Writes More Than $3 Billion of GWP July 25, 2022 Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will...
Update: Russia Confirms Missile Strike on Port of Odesa but Says Grain Deal Stands July 25, 2022 By Pavel Polityuk and Max Hunder Ukraine said on Monday it hoped a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from...
London’s Financial Center Struggles to Find Its Way in Post-Brexit Britain July 25, 2022 By Swetha Gopinath and Katherine Griffiths London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game...
Insurers Weigh Covering Ukraine Grain Shipments After Deal to Re-open Black Sea Ports July 25, 2022 By Jonathan Saul A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached...
Europe Wildfire Damage Jumps 75%; Models Need More Development: Chaucer July 22, 2022 Damage from large wildfires in Europe has jumped dramatically, with a 75% increase in the amount of land burned in...
Ukraine, Russia Sign Deal to Reopen Grain Export Ports While War Continues to Rage July 22, 2022 By Ezgi Erkoyun and Max Hunder Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes...
Ukraine’s Grain Challenge: Clearing Mines, Finding Ships and Insurance, Trusting Putin July 22, 2022 By Megan Durisin, Áine Quinn and Alberto Nardelli Ukraine finally secured a deal aimed at restarting crucial Black Sea grain exports that have been crippled by Russia’s invasion....