UK Signs Swiss Financial Services Deal, Easing Post-Brexit Access for Insurers, Brokers December 22, 2023 By Bastian Benrath The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market...
People Moves: QBE Re Appoints Guarnori and Ahluwalia to Senior Roles; Fortin Promoted to President of Intact; Hamilton Names Riihiluoma as Head of Specialty Re December 21, 2023 This edition of International People Moves details appointments at QBE Re, Intact Financial Corp., and Hamilton Re. A summary of...
Parametric Re/Insurer NormanMax Gets ‘in Principle’ Nod to Launch Lloyd’s Syndicate December 21, 2023 NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate,...
Tesla Faces Inquiry by Norway’s Safety Regulator Over Suspension Failures December 21, 2023 By Marie Mannes Tesla faces an inquiry by Norway’s traffic safety regulator into suspension failures in the company’s electric cars that could result...
China Earthquake Update: 137 People Killed, 12 Still Missing, 207,000 Homes Wrecked December 21, 2023 By Alessandro Diviggiano, Xiaoyu Yin and Liz Lee A dozen people were still missing on Thursday after a 6.2-magnitude earthquake struck northwestern Gansu province late Monday, and netizens...
Shipping Costs Soar as War and Climate Risks Choke Key Waterways December 21, 2023 By Sharon Cho, Elizabeth Low and Serene Cheong Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions...
Yemen’s Houthis Vow More Attacks on Ships in Red Sea Despite US Naval Force December 21, 2023 By Henry Meyer and Omar Tamo Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international...
Iceland’s Volcanic Eruption Is Dramatic. But It Won’t Cool the Planet. December 21, 2023 By Sana Pashankar A volcanic eruption on Iceland’s Reykjanes Peninsula sent lava flowing through a 4-kilometer (2.5-mile) crack in the Earth’s crust. The...
Apollo-Owned Aspen Insurance Files for IPO in US December 21, 2023 Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States,...
Howden Acquires Dutch Broker VLC & Partners December 20, 2023 Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent...