People Moves: SiriusPoint Promotes Chester for U.S./Canada Reinsurance; Banyan Risk Names Ascot’s Horrobin as Co-Founder, Co-CEO; SCOR Reinforces Sustainability Teams January 10, 2022 This edition of International People Moves details appointments at re/insurer SiriusPoint, specialty MGA Banyan Risk and reinsurer SCOR. A summary...
Movo Partnership Acquires 3 Commercial UK Brokers January 10, 2022 Movo Investment Group Ltd., the parent company of the Movo Partnership network (Movo), announced it has completed the acquisition of...
Dirty Money Worried Swedbank Compliance Officers but Bosses Kept Mum: Documents January 10, 2022 By Niclas Rolander, Aaron Eglitis and Anton Wilen In the summer of 2018, a senior anti money-laundering official at Swedbank AB appeared anxious as he read reports that...
Natural Disasters Cost Insurers $120B in 2021. Munich Re Points to Climate Change Link. January 10, 2022 Natural disasters across the globe caused economic losses of US$280 billion in 2021, of which roughly US$120 billion were insured,...
UK Orders Housebuilders to Pay $5B to Help Remove Dangerous, Flammable Cladding January 10, 2022 Britain has ordered housebuilders to pay around $5.4 billion to help remove dangerous cladding from buildings following a deadly 2017...
China’s Anti-Graft Watchdog Probes Chairman of China Life Insurance January 10, 2022 SHANGHAI – China’s Central Commission for Discipline Inspection (CCDI) has placed Wang Bin, the chairman of China Life Insurance Co....
Arch Re Promotes Moeller to CEO, With Bongiorno, Hackett as CUOs; Brit Hires Hiscox’s Allchorne, Aviva’s Wells for N. America Open Market Property Team January 7, 2022 This edition of International People Moves details appointments at Arch Re and Brit. A summary of these new hires follows...
Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW January 7, 2022 Global mergers and acquisitions activity attained historic highs in 2021 with 1047 deals valued more than $100 million, a significant...
Qatar Airways Seeks More Than $600M in Dispute Over Airbus A350’s Surface Flaws January 7, 2022 By Tim Hepher and Guy Faulconbridge Qatar Airways is seeking more than $600 million in compensation from Airbus over surface flaws on A350 jetliners, according to...
Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer January 7, 2022 Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition,...