‘Bomb Cyclone’ Pummels Sydney With Heavy Rains, Winds July 1, 2025 A “bomb cyclone” has lashed Australia’s most populous state with heavy rain and strong winds, forcing airlines to cancel domestic...
BNP Paribas Completes Acquisition of AXA’s Asset Management Unit July 1, 2025 By Steven Arons BNP Paribas SA has finalized its purchase of AXA SA’s investment unit, creating one of Europe’s largest asset managers. The...
India’s Sigachi Factory Fire Death Toll Rises to 39; Cause Still Unknown July 1, 2025 By Rishika Sadam and Jatindra Dash HYDERABAD, India –– The death toll from the explosion and fire at Sigachi Industries’ chemical factory in southern India has...
China Enlists Commercial Insurers in Bid to Boost Local Biotechs July 1, 2025 By Bloomberg News China wants commercial insurance firms to invest in the development of homegrown medicines, Beijing’s latest bid to support its burgeoning...
Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod July 1, 2025 By Hugo Miller Aviva Plc’s plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($5.09 billion) to create the UK’s...
Lloyd’s Applauds Removal of Section 899 Tax Measure From ‘One Big Beautiful Bill’ June 30, 2025 By L.S. Howard Lloyd’s has issued a statement applauding the removal of Section 899 from the Republican’s reconciliation bill, which could have led...
G7 Agrees to Avoid Higher Taxes for US and UK Companies June 30, 2025 By Harshita Meenaktshi, Bipasha Dey and Promit Mukherjee The United States and the Group of Seven nations have agreed to support a proposal that would exempt U.S. companies...
‘Generali’ Sign Atop Insurer’s Skyscraper Offices Collapses in Milan June 30, 2025 By Sara Rossi and Elvira Pollina One of the giant Generali signs that crown the Italian insurer’s head offices in Milan collapsed on Monday, remaining atop...
People Moves: Liberty Specialty Markets Taps CNA Hardy’s Butt as UK Head of Casualty Claims; SiriusPoint Names Pryde From Catalina Re as Group Chief Risk Officer June 30, 2025 This edition of Interntional People Moves details appointments at Liberty Specialty Markets and SiriusPoint. A summary of these new hires...
Markets/Coverages: AEGIS London Raises Line Sizes for Political, Financial Risk Cover June 30, 2025 AEGIS London, a top quartile Lloyd’s syndicate, has announced significant enhancements to its political and financial risk (PFR) offering. The...