China Probes Exposure of HK Units of Banks, Insurers to Local Gov’t Debt: Sources Say March 15, 2024 By Selena Li and Summer Zhen China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to...
BNP Paribas Considers Buying Fosun’s Ageas Stake March 15, 2024 By Jan-Henrik Förster, Alexandre Rajbhandari, Manuel Baigorri and Pamela Barbaglia BNP Paribas SA is considering a potential acquisition of Fosun International Ltd.’s stake in Belgian insurer Ageas, according to people...
Lloyd’s and Bermuda Monetary Authority Collaborate to Share Risk Expertise March 14, 2024 The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these...
Hackers Roil Entire Industries With Attacks on IT Supply Chain March 14, 2024 Across Paraguay, hackers knocked out online services provided by the foreign ministry and companies. In Sweden, they crippled the payroll...
People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets March 14, 2024 This edition of International People Moves details appointments at Howden Tiger and Markel. A summary of these new hires follows...
Chemicals in Plastics Far More Numerous Than Previous Estimates, Report Says March 14, 2024 By Gloria Dickie At least 3,000 more chemicals are in plastics — from food packaging to toys to medical devices — than previously...
Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says March 14, 2024 By Bhargav Acharya and George Obulutsa Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a...
Viewpoint: Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation March 14, 2024 By Tony Rai Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers...
People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL France Taps Déal From Everest as Managing Director March 13, 2024 This edition of International People Moves details appointments at Arch Reinsurance and DUAL France. A summary of these new hires...
Markets/Coverages: QBE Creates UK Healthcare Practice With New Liability Product March 13, 2024 QBE has created a Healthcare practice group and has launched a Healthcare Advantage Liability product. The Healthcare practice group will...