Major UK Asset Manager Divests from Insurer AIG over Climate Policies June 15, 2021 By Alastair Marsh Legal & General Investment Management will sell holdings in four companies including U.S insurer American International Group Inc. after deeming...
Russia Fights Wildfires in Siberia and the Far East June 15, 2021 Russian emergency workers fought wildfires burning Sunday on more than 550 square kilometers (212 square miles) of territory mostly in...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr June 14, 2021 Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber...
People Moves: Hiscox’s Barriol to Liberty Specialty; Howden MGA DUAL Offers Forestry, Hiring White Oak’s Steward June 14, 2021 This wrap-up of international People Moves details recent appointments at Liberty Specialty Markets and underwriting agency DUAL, which is part...
Sri Lanka Seeks Interim Claim of $40M from Operator of Wrecked Cargo Ship June 14, 2021 By Bharatha Mallawarachi COLOMBO, Sri Lanka – Sri Lanka is seeking an interim claim of $40 million from the operator of a fire-ravaged...
Intact Financial, Tryg Agree to Sell Danish Unit to Alm. Brand for Total of US$2.52 Billion June 14, 2021 By L.S. Howard Intact Financial Corp. and Tryg A/S have entered into an agreement to sell Codan Forsikring A/S’s Danish business to Alm....
Insurance Broker Aston Lark Ireland Buys McMahon Galvin Ltd. in Dublin June 14, 2021 Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial...
UBS, DWS Move to Submit Final Bids for NN Group’s Asset Management Arm: Sources June 14, 2021 By Pamela Barbaglia and Tom Sims UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group...
Insurance Council of Australia Declares Flood Catastrophe for Regions of Victoria June 14, 2021 The Insurance Council of Australia (ICA) has declared a catastrophe for regions of Victoria affected by significant storms and flooding...
Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief June 14, 2021 By Kitty Donaldson Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing...