Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record June 16, 2022 The storm that swept through southern Ontario and parts of Quebec on Saturday, May 21, caused over C$875 million (US$676.3...
EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia June 16, 2022 By David Shepardson The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made...
UK Lawmakers Warn About Watering Down Post-Brexit Financial Regulation June 16, 2022 By Huw Jones Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules...
Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers June 15, 2022 Axis Insurance Managers, a Vancouver, Canada-based insurance broker, has completed the acquisition of BMG Aviation Ltd., which does business as...
UK Insurers Need to Consider Climate Change Risks: Accounting Watchdog June 15, 2022 By Leonard Kehnscherper The UK’s accounting watchdog is proposing new rules for insurance companies to make sure actuaries factor in climate change risk....
China’s Zero-COVID Policies Prompt U.S. Firms in Shanghai to Cut Forecasts: Survey June 15, 2022 SHANGHAI – Over 90% of U.S. multinational firms surveyed by the American Chamber of Commerce (AmCham) in Shanghai have cut...
People Moves: WTW Asia Hires Aon’s Tilney, Promotes Nassaouati; DUAL Europe Names Allianz’s Wijchman as Commercial Dir.; Liberty GTS Promotes Lee as APAC Mgr. June 15, 2022 This edition of International People Moves details appointments at Willis Towers Watson (WTW), MGA Dual, and Liberty Global Transaction Solutions....
MGA Platform Pine Walk Launches Political Risk, Non-Payment MGA June 15, 2022 Pine Walk Capital Ltd., the London-based specialist MGA platform and Fidelis subsidiary, has launched a seventh MGA, Pernix Specialty Ltd.,...
Canada Plans to Force Companies to Report Cyber Attacks, Fortify Cyber Systems June 15, 2022 Canadian businesses operating in critical infrastructure sectors would be required to report cyber attacks to the federal government and would...
EU Regulator Sees No Safety Problem With A350 Paint at Center of Legal Dispute June 15, 2022 By David Shepardson Europe’s top aviation safety regulator said on Tuesday he had seen no evidence that paint or surface erosion on A350...