Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business March 10, 2023 Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz...
China’s Financial Regulatory Revamp Raises Hope, but Some Concerns March 10, 2023 By Xie Yu, Selena Li and Carolina Mandl A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power...
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights March 10, 2023 Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and...
UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas March 10, 2023 By Irina Anghel Seven of the UK’s 10 largest listed companies have failed to comply with the FCA’s new gender-diversity quotas, a reminder...
European Central Bank to Test Cyber Resilience of Banks March 10, 2023 The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise...
UK Specialty MGA Nirvana Launches With ‘Ambitious Growth Plans’ March 9, 2023 Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk...
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’ March 9, 2023 By L.S. Howard Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses...
Investors Aviva, M&G Urge Britain to Press Ahead With Financial Reforms March 9, 2023 By Iain Withers and Sinchita Mitra Investors Aviva and M&G on Thursday joined calls for Britain to press ahead with financial reforms and give high-growth sectors...
Glut of Plastic Polluting World’s Oceans Is Growing Fast: Research March 9, 2023 By Leslie Kaufman There are more than 170 trillion tiny plastic particles — or 2 million tons of them — floating on the...
Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S. March 9, 2023 By Huw Jones Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global...