Floods Could Threaten Denmark’s Financial System: Central Bank June 10, 2021 By Frances Schwartzkopff Denmark’s central bank warned rising waters pose a threat to the financial system as property used as collateral against bank...
Volkswagen’s D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout June 10, 2021 By Christoph Steitz, Jan Schwartz and Thomas Escritt FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin...
China Regulator Orders Large Insurers, Banks to Prepare ‘Living Wills’ to Handle Risks June 10, 2021 By Ryan Woo and Cheng Leng BEIJING — China’s banking and insurance watchdog issued rules on Wednesday requiring sizable banks and insurers to prepare recovery plans...
Tokio Marine Restructures Contingency Team, Promoting Paddon, Refreshing Capacity June 9, 2021 Tokio Marine HCC has reaffirmed its commitment to the international contingency market with the appointment of a new lead for...
People Moves: Garside Named CUO at Liberty Specialty Markets Bermuda; RSA’s Perry Hired at Hiscox UK’s Art & Private Client Division June 9, 2021 This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK. A summary of these...
Swedish Activist Investor Cevian Buys 4.95% Stake in UK Insurer Aviva June 9, 2021 By Rafaela Lindeberg Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer’s top three...
Hong Kong Insurance Broker Azure Risk Expands Product Range June 9, 2021 Azure Risk Ltd., a digital provider of marine and freight forwarding insurance, has been granted its application to broaden its...
Generali Drops Out of Race to Buy NN’s Asset Manager Arm: Sources June 9, 2021 Italy’s top insurer Assicurazioni Generali has dropped out of the race to buy the asset management arm of Dutch rival...
Forgotten Your Passwords? They Soon May Be Lost Altogether – with Insurers’ Help June 9, 2021 By James Patterson The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack....
EU Cautions Against Rushing into Public-Private Pandemic Insurance Scheme June 9, 2021 The European Union’s executive body urged caution on Tuesday in the face of calls for a public-private scheme for insuring...