Shadow Banks, Such as Insurers, Hedge Funds, Could Be Sitting on Elevated Risk: ECB November 30, 2023 The European Central Bank may need to take on a bigger role in supervising shadow banks as they are now...
London Metal Exchange Triumphs in Lawsuit Over Canceled Nickel Trades November 30, 2023 By Sam Tobin and Pratima Desai The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best November 30, 2023 By L.S. Howard Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create...
Red Sea Attacks on Ships Spark Safety Concerns for Sailors November 30, 2023 By Jonathan Saul Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in waters around the Red...
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...