AXA Rebrands China Reinsurance Unit to ‘AXA International Re’ October 17, 2024 AXA Insurance announced it has rebranded its Chinese reinsurance unit, XL Re China, to AXA International Re. The name change...
Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report October 17, 2024 The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the...
Britain’s Young Drivers Should Face Stricter Rules, Says CEO of AA Breakdown Service October 17, 2024 By Jamie Nimmo Young British drivers who have just passed their test should be banned from carrying passengers of a similar age and...
EU AI Act Checker Reveals Big Tech’s Compliance Pitfalls October 17, 2024 By Martin Coulter Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity...
Singapore Amends Law to Stop Allianz’s Insurance Deal October 17, 2024 By Philip J. Heijmans Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7 billion) acquisition...
People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team October 16, 2024 This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these...
Female Leadership Suffers When Private Equity Firms Invest October 16, 2024 By Isabella Ward Female board and leadership representation at European companies plunges whens private equity firms invest, according to a study by consultancy...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs October 16, 2024 By John O'Donnell, Elisa Martinuzzi and Andy Bruce Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of...
UK Fears Chinese Hackers Compromised Critical Infrastructure October 16, 2024 By Ellen Milligan, Alex Wickham and Jamie Tarabay Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to...