Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds May 19, 2022 Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud...
Hungary Eyes Raising Domestic Ownership in Sectors Such as Insurance May 19, 2022 Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said...
Canada Crop Land ‘Deteriorating’ as Heavy Rain Hinders Planting May 19, 2022 By Jen Skerritt Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop...
Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study May 19, 2022 By Aaron Clark The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting...
People Moves: AGCS Promotes Major for Claims – London & Nordics; Conduit Re CRO’s Role Expands to Include Climate Initiatives; WTW Names Keville Head of FINEX GB FI May 18, 2022 This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Conduit Re, and Willis Towers...
Central Japan Water Leak Threatens Operations at Auto, Power Companies May 18, 2022 A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production center...
Munich Re Launches Validation Service for Artificial Intelligence Systems May 18, 2022 Munich Re is aiming to enhance acceptance of artificial intelligence (AI) with its new CertAI validation service, which provides objective...
UK Insurer Aviva May Be Able to Return More Cash to Shareholders: CEO May 18, 2022 By Carolyn Cohn Aviva may be able to give more cash back to shareholders, its chief executive said on Wednesday, as the British...
SiriusPoint Announces Resignation of Chairman and CEO Sankaran May 18, 2022 SiriusPoint Ltd., the Bermuda-based international specialty re/insurer, announced that Siddhartha (Sid) Sankaran, chairman and CEO, has resigned from the company...
Starr Insurance Cos. Acquires Thai Non-Life Insurer May 18, 2022 Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance...