Arthur J. Gallagher & Co. Acquires Canada’s PCI Compensation Consulting March 25, 2022 Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based PCI-Perrault Consulting Inc. (doing business as PCI Compensation Consulting)....
UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers March 25, 2022 By Jonathan Saul Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the...
Generali Investor Wants Insurer to Be Multinational ‘With Italian Sovereignty’: Report March 25, 2022 Francesco Gaetano Caltagirone, a leading investor in Generali, wants Italy’s top insurer to grow into a big multinational “with Italian...
Istanbul-Based Broker GrEC Joins Assurex Global as Partner March 25, 2022 Assurex Global announced that GrECo, based in Istanbul, Turkey, has joined the global partnership, which now consists of 97 independent...
People Moves: Aon Names WTW’s Forrest as CEO of Insurance Consulting, Reinsurance Solutions; Pool Re Hires Former MS Amlin Exec Clementi as CEO, Succeeding Enoizi March 24, 2022 This edition of International People Moves details appointments at Aon and Pool Re. A summary of these new hires follows...
Aston Lark Acquires UK Specialist Broker Braddons March 24, 2022 Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced specialist corporate insurance broking firm...
Bank of England Begins Developing Regulatory Framework for Cryptoassets March 24, 2022 By Huw Jones and David Milliken The Bank of England on Thursday began sketching out Britain’s first regulatory framework for cryptoassets, saying that although the sector...
Japan’s Powerful Earthquake Estimated to Cost Insurers $2 Billion-$4 Billion: Verisk March 24, 2022 The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion...
Lloyd’s Expects ‘Major Claim’ From Russia-Ukraine War, Reports ‘Strong’ Profit in 2021 March 24, 2022 Lloyd’s, the world’s leading insurance and reinsurance marketplace, announced “a strong return to profitability” in its 2021 full year financial...
Generali Suspends CEO Donnet’s Internal Rival in Ongoing Power Struggle March 24, 2022 Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been...