Brown & Brown Agrees to Buy UK Parent of Nexus Underwriting, Xenia Broking May 24, 2023 Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire Kentro Capital...
AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups May 24, 2023 By Benoit Berthelot AXA Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech...
Analysis – EU Power Battle Could Hamper Proposed Safeguards for Financial Products May 24, 2023 By Huw Jones European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and...
Update: Activist Investor Cevian Sells Entire Stake in UK Insurer Aviva May 24, 2023 By Iain Withers Activist investor Cevian Capital has sold down its entire stake in British insurer Aviva, ending its campaign to drive up...
Cyber Attack Could Threaten Canada’s Overall Financial Stability: Central Bank May 23, 2023 The Bank of Canada on Thursday [May 18] said it was worried that a major cyber attack on one part...
Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding May 23, 2023 Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect...
World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study May 23, 2023 The world’s ‘carbon majors’ in the energy, utilities and mining sectors face the biggest share price hit when climate-related lawsuits...
U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico May 23, 2023 By Daina Beth Solomon and David Lawder U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire...
AIG to Sell Validus Re to RenRe in $3B Deal May 23, 2023 By Chad Hemenway American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings...
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group May 23, 2023 By Alastair Marsh Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some...