Allianz’ PIMCO Weighs Joining Investors Suing Over Credit Suisse AT1 Bonds May 26, 2023 By Laura Benitez Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about...
People Moves: SiriusPoint Names Lopez as CTO, Succeeding Siry; IQUW Appoints MacDonald and Hennessey to Lead Property; Chaucer Promotes Tighe to Head of ESG May 26, 2023 This edition of International People Moves details appointments at three re/insurers SiriusPoint, IQUW and Chaucer. A summary of these new...
Typhoon Mawar Is Most Powerful Storm of 2023, So Far May 26, 2023 By Brian K. Sullivan Mawar is now one of the three strongest storms ever to hit the North Pacific in May and is the...
Dutch Watchdog Probes Alleged Tesla Data Breach May 26, 2023 By Riham Alkousaa and Toby Sterling The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but...
Georgian Billionaire Wins $926M From Credit Suisse After Fraud May 26, 2023 By John Revill Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his...
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil May 26, 2023 By Jonathan Saul and Nidhi Verma Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine...
Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers May 26, 2023 By Tommy Wilkes “Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on...
People Moves: Cowbell Names CNA’s Bilbao as UK Director of Underwriting; Allianz Commercial Promotes Execs in Iberia, Latin America May 25, 2023 This edition of International People Moves details appointments at Cowbell Cyber and Allianz Commercial. A summary of these new hires...
Generali Confirms 2024 Targets After Q1 Profits Rise on Strong Non-Life Performance May 25, 2023 Italy’s Generali confirmed all its 2024 business plan targets on Thursday after first quarter profits rose on a strong non-life...
UPDATE: ESG-Bashing Triggers More Defections From Insurer Climate Group May 25, 2023 By Alastair Marsh The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust...