Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source September 27, 2023 By Valentina Za and Emilio Parodi Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer...
Ship Insurance Facility Set Up for Ukraine Grain Exports, Broker Miller Says September 27, 2023 A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction...
Antarctica’s Shrinking Sea Ice Hits Record Low, Alarming Scientists September 26, 2023 By Danielle Bochove At its largest expanse this year, sea ice covered less than 17 million square kilometers (6.6 million square miles) of...
People Moves: Arch Insurance (Bermuda) Promotes Smith to MD After Hay Retires; Aon Taps Nichols From Aeolus as Global Reinsurance Clients Leader in Bermuda September 26, 2023 This edition of International People Moves details appointments at Arch Insurance and Aon. A summary of these new hires follows...
Three-Quarters of Firms Globally Are Not Ready for New ESG Rules: KPMG Report September 26, 2023 Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before...
Apple Supplier Pegatron to Halt Assembly at India Plant for Second Day After Fire September 26, 2023 By Praveen Paramasivam, Ben Blanchard and Munsif Vengattil Apple supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones...
Bermuda Public Services Remain Disrupted After Cyber Attack September 26, 2023 By Margi Murphy Bermuda is working to restore public services that were halted after last week’s “sophisticated and deliberate” cyberattack on its government...
UK Workers Take Most Sick Leave in More Than a Decade: Employer Survey September 26, 2023 By David Milliken British workers took the most sick leave in more than a decade during the past year, a survey of employers...
Ares Management Provides £1 Billion of Loans for UK Insurance Merger September 26, 2023 By Silas Brown Ares Management Corp. is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two...
MGA iprism Purchases Property-Focused MGA, SK Underwriting September 25, 2023 iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an...