Chronic Scarcity of UK Workers Blamed on COVID and, of Course, Brexit August 3, 2021 By Jack Sidders, Deirdre Hipwell, Joe Mayes and Libby Cherry On the outskirts of the Scottish town of Kirkcaldy is a crop of new houses on their way to completion....
Amazon Slapped with Record Fine for Violating EU Data Privacy Rules August 3, 2021 Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data...
AM Best Assigns ‘A’ Rating to International General Insurance Co. (Europe) SE August 3, 2021 AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent)...
Generali’s Operating Profit Increases 10.4% During First Half August 3, 2021 By Gianluca Semeraro Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance...
People Moves: JLT Re’s González to Oneglobal LatAm; Aon’s Cousar to McGill and Partners in APAC; CFC’s Alsegard Leads Gallagher’s IP Practice August 2, 2021 This edition of International People Moves covers appointments at three London-based brokers: Oneglobal, McGill and Partners, and Gallagher A summary...
BMS Re Launches Bermuda Unit, Led by Former Alterra Executive Mullan August 2, 2021 BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory...
Aon’s Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B August 2, 2021 Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied...
NFP Acquires Dublin-Based P/C Broker Aiken Insurances August 2, 2021 NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of...
France’s AXA Posts 180% Surge in 1st Half Net Income as XL Unit Swings to Profit August 2, 2021 AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in...
Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds August 2, 2021 By Stephan Kahl and Sara Marley Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into...