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...
Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
People Moves: TigerRisk Hires Aon’s Tuttle as Sr. Reinsurance Broker; HDI Promotes 3 for UK, Ireland Teams; BMS Taps Howden’s Powell as Chief Commercial Officer March 23, 2022 This edition of International People Moves details appointments at TigerRisk Partners, HDI Global, and BMS. A summary of these new...