Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine March 5, 2021 By Donal Griffin and Jonathan Browning The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at...
Global Power Grids Are Becoming Increasingly Vulnerable to Cyber Attacks March 4, 2021 More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power...
French Families Join Class Action After Thousands of COVID Deaths in Nursing Homes March 4, 2021 By Angela Charlton PARIS – A Paris court [held] a hearing Wednesday in a class-action effort to hold French health authorities and companies...
Greensill Capital’s Funding Crisis Could Lead to Losses for Insurers, Banks: Analysis March 4, 2021 By Tom Bergin LONDON – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to...
Insurers Don’t Have Capacity to Handle Systemic Pandemic Risk: Generali CEO March 4, 2021 MILAN – Europe’s insurance industry doesn’t have the capacity to deal with the systemic risk of a pandemic and more...
London-Based Broker Costero Holdings Acquires Mar Risk Services March 4, 2021 Costero Holdings, a privately held London-based brokerage, has acquired the independent broker Mar Risk Services Ltd. (MarRS), effective March 1,...
Zurich Promotes Signorelli to CEO of Commercial Insurance March 4, 2021 Zurich Insurance Group has appointed Sierra Signorelli, currently group chief underwriting officer, to the role of chief executive officer for...
Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion March 4, 2021 By Benjamin Robertson Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the...
Update – Aon’s $30B Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters March 3, 2021 By Foo Yun Chee BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions...
Britain Must Think ‘Creatively’ About Keeping London Competitive for Financial Services March 3, 2021 By Huw Jones Brexit starts a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial...