Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting April 25, 2023 Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in...
Tokio Marine Weighs Sale of Southeast Asia Life Unit Valued at $1 Billion April 25, 2023 By Manuel Baigorri and Elffie Chew Tokio Marine Holdings Inc. is considering a sale of its life insurance business in Southeast Asia that could be valued...
CBI President Says Business Group May Not Survive Sexual Assault Scandal April 25, 2023 By Sabah Meddings The Confederation of British Industry may not survive a scandal triggered by rape claims among staff, its president said, as...
Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story April 25, 2023 By Jonathan Stempel A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false...
People Moves: Startup Intangic MGA Names Marsh’s Durkan as Commercial Dir.; Helvetia Taps Rupprecht From NN Group as CEO; BMS Hires Ardonagh’s Leather as UK, Int’l CFO April 24, 2023 This edition of International People Moves details appointments at Intangic MGA, Helvetia Group and BMS. A summary of these new...
Fairfax Financial’s Ratings Unaffected by Move to Buy Gulf Insurance Group: DBRS April 24, 2023 Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to...
Russia’s Medvedev Says G-7 Export Ban Could Trigger Black Sea Grain Deal Exit April 24, 2023 By Bloomberg News Moscow may retaliate if Group of Seven countries proceed with a total ban on most exports to Russia by withdrawing...
Howden Builds War Chest for Investments of More Than £1B; Blanc Named Head of M&A April 24, 2023 Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with...
EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’ April 24, 2023 By Huw Jones Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate...
Generali Seeks Buyers for Tua Assicurazioni Unit April 24, 2023 By Sonia Sirletti Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival,...