Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best February 15, 2024 By L.S. Howard Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Howden to Acquire Captive Manager ARM Group Holdings February 15, 2024 Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative...
Banks, Insurers Ordered to Report Sexism and Bullying Cases in Britain February 15, 2024 By Kirstin Ridley and Carolyn Cohn Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and...
FWD Mulls Options for $10 Billion Insurer After IPO Delay, Sources Say February 15, 2024 By Manuel Baigorri, Vinicy Chan and Elffie Chew FWD Group Holdings Ltd., the Asian insurer controlled by billionaire Richard Li, is considering options including a potential stake sale...
People Moves: Ardonagh Specialty Taps Gallagher Re’s Rance as Head of Specialty at Inver Re London; SiriusPoint Bolsters Energy and Marine Offering With 2 Key Hires February 14, 2024 This edition of International People Moves details appointments at Ardonagh Specialty’s Inver Re and Bermuda-based SiriusPoint. A summary of these...
Sompo International Authorized to Write Primary Insurance in France February 14, 2024 Sompo International announced it has been granted a license to write primary insurance in France by the French Prudential Supervision...
Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity February 14, 2024 Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection,...
Former VW Chief Tells Court He Didn’t Deceive Investors Over Dieselgate February 14, 2024 Former Volkswagen chief executive Martin Winterkorn told a German court on Wednesday he did not deceive investors over the carmaker’s...
Cyberattack Hits German Battery Maker Varta, Halts Production February 14, 2024 German battery maker Varta AG was hit by a cyberattack Monday night that halted production in five of its production...
Brexit Red Tape Puts Valentine’s Day Thorn in UK Flower Trade February 14, 2024 By Phil Noble Giraffe Flowers in Manchester, northern England, is preparing for the annual Valentine’s Day rush but florists fear that Brexit trade...