Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine March 1, 2023 By Ruma Paul and Jonathan Saul Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a...
Acrisure Continues European Expansion With Launch of German Subsidiary February 28, 2023 Acrisure, a fintech company that operates a top-10 global insurance broker, announced the formation of Acrisure Deutschland GmbH, a new...
Global Insurance M&A Hits 10-Year High, Despite Slowdown in H2 2022 February 28, 2023 The insurance sector saw 449 completed mergers and acquisitions (M&A) worldwide during 2022, up from 418 the previous year –...
Hong Kong’s FWD Group Raises $1.8 Billion in Private Placements Over Past 2 Years February 28, 2023 By Manuel Baigorri FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the...
AXA Sells Stake in Monte dei Paschi After Providing Cash Call Support February 28, 2023 AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired...
Reinsurance Recap: 2022 Results Mixed as Market Improves February 28, 2023 By L.S. Howard Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus February 28, 2023 By L.S. Howard This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal,...
Russian Oil Is Being Stored in Ghana as Pool of Buyers Shrinks February 27, 2023 By Ekow Dontoh, Sherry Su and Lucia Kassai A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is...
People Moves: Robinson Named CEO of Optio; Bogardus Becomes Chief Executive of Everest Re Singapore; Pen Underwriting Promotes Simmonds in Public Sector Division February 27, 2023 This edition of International People Moves details appointments at Optio Group, Everest Re, and the MGA Pen Underwriting. A summary...
Plastic Consumption on Track to Nearly Double by 2050: Research February 27, 2023 Plastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive...