Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits April 26, 2024 By Nidhi Verma Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide...
Global Basel Committee Bolsters Rules for Supervising Banks, Non-Bank Sector April 26, 2024 By Huw Jones The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate...
Aon Completes $13B Acquisition of Middle-Market Broker NFP April 26, 2024 Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase...
Global Insurers’ Climate Alliance Relaunches After Member Exodus April 25, 2024 By Simon Jessop A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and...
People Moves: Lockton Promotes 2 in Crisis Management Team, Announces Changes in Norway Leadership April 25, 2024 Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium April 25, 2024 Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the...
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit April 25, 2024 By Nicholas Comfort Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds...
Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025 April 25, 2024 By Henrique Almeida Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an...
South Africa Advised by World Bank on Climate Insurance, Contingency Fund Options April 25, 2024 By Antony Sguazzin The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused...
Viewpoint: Insurance Sector Adopts Easy-to-Use Technology for Digital Transformations April 25, 2024 By Phung Viet Ha Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating...