People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders February 7, 2025 This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires...
Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion February 7, 2025 By Amy-Jo Crowley, Iain Withers and Yadarisa Shabong Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion...
Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist February 7, 2025 By Julian Lee Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil...
Valencia Floods Prompt Race for Funds to Boost Spain’s Climate Resilience February 7, 2025 By Corina Pons and Pietro Lombardi Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more...
Avolon, BOC Settle Lawsuit Against Insurers Over Stranded Russian Jets February 7, 2025 By Padraic Halpin and Conor Humphries Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers...
UAE Turns to Satellites to Shield Region’s Only Nuclear Plant From Climate Risks February 7, 2025 By Verity Ratcliffe The United Arab Emirates, which operates the Gulf’s only commercial nuclear power station, is for the first time taking special...
European Commission Asks Shein for Information on Illegal Goods February 6, 2025 By Geert De Ciercq and Helen Reid The European Commission has asked online fast-fashion retailer Shein to provide internal documents and more detailed information on risks linked...
Clear Group Acquires Irish Broker Phelan Caswell Insurances February 6, 2025 The Clear Group, the London-based insurance intermediary, announced the acquisition of broker Phelan Caswell Insurances, based in Dublin, Ireland. The...
People Moves: SCOR Taps Allianz’s Schaefer as Global Head of Casualty & EIL, Succeeding Carerras; AXIS Promotes Cucciniello to Head of Primary Casualty February 6, 2025 This edition of International People Moves details appointments at SCOR and AXIS Capital Holdings. A summary of these new hires...
Billionaire Generali Investor Weighs Candidates to Challenge CEO Donnet February 6, 2025 By Gianluca Semeraro and Elvira Pollina One of Generali’s biggest investors is considering challenging the reappointment of longstanding CEO Philippe Donnet in May and is weighing...