Ping An Loses $3.1 Billion in Value on Country Garden Buy Report November 9, 2023 By Bloomberg News A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s...
People Moves: AXA XL Names Gerbaud as CUO for APAC & Europe; Trium Cyber Names Aspen’s Signorelli as MD of Int’l Operations November 8, 2023 This edition of International People Moves details appointments at AXA XL and Trium Cyber. A summary of these new hires...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M November 8, 2023 James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its...
Insurers Review Middle East Events Policies After War Leads to Cancellations November 8, 2023 By Carolyn Cohn and Noor Zainab Hussain Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war...
China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm November 8, 2023 By Bloomberg News Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans...
Greenlight Re Names TransRe’s Richardson as CEO to Succeed Burton November 8, 2023 Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company’s chief executive...
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade November 8, 2023 By Carolyn Cohn Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said...
UK Weighs Criminal Liability for Self-Driving Car Companies November 7, 2023 By Jamie Nimmo Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the...
People Moves: Howden Tiger Taps Zurich’s Bertagna to Lead MGA Reins. Unit in Europe; Miller Names Bisbas as Chair of Marine Mutual Reins., Head of Mutual War November 7, 2023 This edition of International People Moves details appointments at the brokers Howden Tiger and Miller. A summary of these new...
TikTok Must ‘Spare No Effort’ to Counter Spread of Disinformation November 7, 2023 By Foo Yun Chee TikTok must “spare no effort” to counter the spread of disinformation on the short video sharing app, EU industry chief...