Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P September 20, 2021 Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval...
Italian Tycoons Seek Allies in Battle Over Choice of Generali’s Next CEO September 20, 2021 By Gianluca Semeraro and Claudia Cristoferi Two Italian tycoons who are leading investors in Generali are looking for allies after joining forces in a bid to...
Workers in London’s Financial Services Industry Are Returning to Their Desks in Droves September 20, 2021 By Harry Wilson and Tom Metcalf On the lower floors of HSBC Holdings Plc’s Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close...
Fukushima Plant Officials Admit Failure to Probe Cause of Faulty Filters September 17, 2021 By Mari Yamaguchi TOKYO — Officials at Japan’s wrecked Fukushima nuclear power plant have acknowledged they neglected to investigate the cause of faulty...
Lloyd’s Urges Insurance Workforce With Ethnic Minorities as One-Third of New Hires September 17, 2021 By Carolyn Cohn Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said...
Financial Services Firms Beware, Outsiders Are Cracking the Code September 17, 2021 By Anna Irrera and Iain Withers Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to...
Zurich Insurance Weighs Selling Some Australian Non-Core Assets September 17, 2021 By Manuel Baigorri Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss...
People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice September 17, 2021 This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A...
Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds September 16, 2021 By L.S. Howard A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting...
Australia’s Commonwealth Bank Apologizes for Misleading Insurance Sales September 16, 2021 By Shashwat Awasth Commonwealth Bank of Australia, the country’s top lender, said on Thursday it would plead guilty to 30 charges brought against...