EU Threatens to Ban COVID Vaccine Exports to Britain March 18, 2021 By Gabriela Baczynska, Philip Blenkinsop and Sabine Siebold BRUSSELS – The European Union threatened on Wednesday to ban exports of COVID-19 vaccines to Britain to safeguard scarce doses...
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains March 18, 2021 By Mahesh Mistry and Maura McGuigan Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting...
Britain Targets Big 4 Auditors, Company Directors With Reform Proposals March 18, 2021 By Huw Jones Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud...
AM Best Plans to Assess MGAs, Other Delegated Authority Entities March 17, 2021 By Susanne Sclafane With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in...
‘Green’ Investment Funds Less Vulnerable to Climate-Related Shocks: EU Watchdog March 17, 2021 By Huw Jones Funds investing in “brown” or polluting companies would be hit far harder than environmentally friendly “green” funds in a climate-related...
Specialist MGA CFC Acquires Australian Cyber Security Firm, Insane Technologies March 17, 2021 CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider....
Xenia Broking to Acquire Status Credit Insurance Brokers in UK March 17, 2021 Xenia Broking Group, the credit insurance and surety specialist, announced it has entered into an agreement to acquire Status Credit...
Update – Italy’s Generali Eyes €2 Billion Acquisition in Russia: Source March 17, 2021 MILAN – Italy’s top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although...
Uber Reclassifies 70,000 UK Drivers as Workers – Providing Minimum Wage, Benefits March 17, 2021 By Ellen Milligan Uber Technologies Inc. will reclassify all 70,000 of its UK drivers as workers, entitling them to the minimum wage, vacation...
Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments March 16, 2021 Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset...