People Moves: AXA XL Promotes Europe Managers; WTW Names Bassi for Insurance Consulting & Tech; Sedgwick Appoints Horrocks UK Head of Fraud Tech, Intelligence March 17, 2022 This edition of International People Moves details appointments at AXA XL, Willis Towers Watson and Sedgwick. A summary of these...
Thailand Regulator Orders 2 Non-Life Insurers to Stop Accepting New Clients March 17, 2022 By Anuchit Nguyen Thailand’s insurance regulator ordered Southeast Insurance Pcl and Thai Insurance Pcl to stop taking new clients and sell some assets...
Consumers Risk Losing All Their Crypto Investments, EU Regulators Warn March 17, 2022 Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking...
Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box March 17, 2022 Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s...
Burn the Client or Burn the Carbon? Insurer AXA Grapples With Clean Energy Transition. March 17, 2022 By Alastair Marsh The glass tower in Paris where AXA SA, one of the world’s largest insurers, has its temporary headquarters looks as...
Leadership Conundrum: Can Corporate Culture Survive Remote Work Models? March 17, 2022 By L.S. Howard As the world enters the third year of the pandemic, employees in the insurance industry expect to maintain workplace flexibility—a...
New Russian Law on Leased Jets Could Help in Claiming Insurance, Air Lease Says March 17, 2022 By Abhijith Ganapavaram A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim...
Update: Magnitude 7.4 Earthquake Hits Near Japan’s Fukushima March 16, 2022 By Shoko Oda, Kana Nishizawa and Gearoid Reidy A magnitude-7.4 earthquake struck northern Japan near Fukushima prefecture late on Wednesday, killing two people and injuring dozens, as well...
Lloyd’s Slaps Record Fine on Atrium Underwriters for Bullying, Harassment March 16, 2022 Lloyd’s of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the...
Munich Re Exits From Russian, Belarusian Business March 16, 2022 Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia. Condemning Russia’s attack on...