China Revives Sale of Dajia Insurance, the Firm Created to Take Over Troubled Anbang April 9, 2021 By Manuel Baigorri and Vinicy Chan China is reviving a sale of Dajia Insurance Group Co., the company that took over most of the operations of...
Hub International Acquires Wessex Financial Inc. in Canada April 9, 2021 Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada. Terms of the...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains April 9, 2021 By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a...
People Moves: PartnerRe’s Clarke Re-Emerges at Tremor; WTW’s Monat to Mosaic; Graham Leads AIRMIC; Lancashire’s Richardson to Aeolus April 8, 2021 This wrap-up of International People Moves details recent appointments at Tremor Technologies, Mosaic, AIRMIC and Aeolus Capital Management Ltd. A...
Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal April 8, 2021 By Jonathan Saul and Carolyn Cohn LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic...
Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance April 8, 2021 Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions April 8, 2021 Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist...
Sustainable Investment Group Questions Liberty Mutual over Australia Coal Mine Plan April 8, 2021 MELBOURNE – UNPRI, a United Nations-backed network that promotes sustainable investment, is reviewing the status of Liberty Mutual as a...
Home Working Likely to Remain – Even After Pandemic Ends: UK Survey April 8, 2021 By Camomile Shumba Home working is likely to remain after the pandemic finishes, according to a survey of 2,000 companies the UK, most...
Egypt Seeks Out-of-Court Settlement with Owners of Huge Ship that Blocked Suez Canal April 7, 2021 By Samy Magdy ISMAILIA, Egypt – The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of...