Guy Carpenter Completes Acquisition of Re Solutions in Israel July 3, 2023 Guy Carpenter, the reinsurance business of Marsh McLennan, announced it had completed its previously announced acquisition of Re Solutions, the...
SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre July 3, 2023 SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily...
Russia’s Aging, Dark Fleet of Oil Tankers Gets Infusion of Newer Ships July 3, 2023 By Alex Longley and Serene Cheong An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of...
Fusion Specialty Europe Launches Branch in Madrid, Led by DUAL’s Cibin July 3, 2023 Fusion Specialty Europe announces the launch of its Southern Europe branch in Madrid, and the appointment of Filippo Cibin as...
Wind Turbines That Shake and Break Cost Their Maker Billions July 3, 2023 By William Mathis, Wilfried Eckl-Dorna and Rodrigo Orihuela Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling...
Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance June 30, 2023 McDougall Insurance Brokers Ltd., the Belleville, Ontario-based subsidiary of Definity Financial Corp., announced it has entered into a definitive agreement...
People Moves: Aon Promotes 4 in Global Reinsurance Clients Team; NFP Hires Perkins to Lead N. America Trade Credit & Political Risk Practice June 30, 2023 This edition of International People Moves details appointments at brokers Aon and NFP. A summary of these new hires follows...
UK Regulators Urged to Help Keep London Competitive, Using New Post-Brexit Remit June 30, 2023 By Huw Jones Britain’s regulators must push ahead with applying their new post-Brexit remit to help keep the country’s financial sector globally competitive,...
Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source June 30, 2023 By Emilio Parodi Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a...
Fidelis Insurance Valued at $1.5 Billion in Lukewarm Market Debut June 30, 2023 By Jaiveer Shekhawat and Echo Wang Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4% on debut....