India’s GIFT-City Financial Hub Plans to Grow in Re/Insurance, Direct Listings November 30, 2023 By Saikat Das Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for...
People Moves: Markel Appoints Howden’s Woodhouse for War and Terrorism Team; Costero Brokers Taps Marsh’s Olley as Cyber Divisional Director November 29, 2023 This edition of International People Moves details appointments at Markel and Costero Brokers. A summary of these new hires follows...
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe November 29, 2023 By L.S. Howard CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of...
Markel’s State National to Enter UK Market, Offering Program Services for MGAs November 29, 2023 Markel, the insurance operations of Markel Group Inc., announced that its wholly owned subsidiary State National Companies is entering the...
London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report November 29, 2023 By Irina Anghel Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets November 29, 2023 By Gautam Naik For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re November 28, 2023 By L.S. Howard The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Probitas Ready to Launch Lloyd’s Special Purpose Arrangement for 2024 Year of Account November 28, 2023 Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin...
Product Recall Specialist MGA BluNiche Launches UK Unit for SME Businesses November 28, 2023 BluNiche, a London-based managing general agent (MGA) that specializes in product recall insurance, announced the launch of BluNiche UK to...
Marsh & McLennan Finalizes Delisting From London Stock Exchange November 28, 2023 Marsh & McLennan Companies Inc. has delisted and canceled trading from the London Stock Exchange, further to its announcement made...