France’s AXA Stops Re/insuring Russian Insurers, Assets March 28, 2022 French insurer AXA said on Friday that it has stopped all new investments in Russian assets and would no longer...
Generali Fires CEO Donnet’s Internal Rival as Power Struggle Continues March 28, 2022 Generali has fired executive Luciano Cirina, who is challenging incumbent Philippe Donnet for the role of chief executive, with immediate...
Analysis – Aircraft Lessors Lose Hope of Getting Back Russian Planes Worth $10B March 28, 2022 By Jamie Freed As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes...
Some Credit Suisse Investors Do Not Want to Absolve Execs for Greensill Losses: FT March 28, 2022 Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving...
London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office March 25, 2022 By Ellen Milligan and Lucca de Paoli A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according...
Greenlight Re Innovations Invests in Australia’s Audit Insurance Startup AuditCover March 25, 2022 Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., announced an investment in AuditCover Australia Pty Ltd., a tax...
British Police Arrest 7 Suspected Members of Lapsus$ Hacking Group March 25, 2022 By James Pearson and Raphael Satter Police in Britain have arrested seven people following a series of hacks by the Lapsus$ hacking group which targeted major...
Update: Challengers to Generali’s Management Target Higher Growth, Bigger M&A March 25, 2022 By Gianluca Semeraro The rebel challengers to Generali’s current management pledged to grow earnings by double figures through cost cuts and free up...
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...