People Moves: SiriusPoint Appoints New International Leadership Team, Naming RSA’s Gibb as President; Hampden Agencies’ CEO Smith to Retire, Succeeded by Wood December 8, 2022 SiriusPoint Appoints New International Leadership Team, Including RSA’s Gibb as President SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has...
Collapse of FTX Provides ‘Sobering Warning’ for Insurers About Governance Failings December 8, 2022 The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published...
Credit Suisse Clears 1st Hurdle Toward $440M Greensill Lawsuit Against SoftBank December 8, 2022 By Jonathan Browning Credit Suisse Group AG cleared the first hurdle toward kick-starting a long-awaited $440 million lawsuit against SoftBank Group Corp. stemming...
G-7’s Price Ceiling on Russia Oil Isn’t Low Enough to Hit Putin’s War Budget: Economists December 8, 2022 By Bloomberg News The Group of Seven’s price ceiling on Russian oil exports isn’t low enough to take a big bite out of...
Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch December 8, 2022 By Alex Longley, Sherry Su and Christopher Condon A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution...
Generali Plans Sale of €20B Italian Life Portfolio, Aiming to Improve Profits: Sources December 7, 2022 By Sonia Sirletti and Manuel Baigorri Assicurazioni Generali SpA is planning to sell a roughly €20 billion ($21 billion) Italian life insurance portfolio as part of...
Oil Tanker Clears Turkish Shipping Logjam With Letter From Russian Insurer: Document December 7, 2022 A letter provided by Russian insurer Ingosstrakh enabled the first oil tanker to sail through Turkish waters in recent days...
COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says December 7, 2022 By Antony Sguazzin Africa’s biggest health insurer said the number of heart-related deaths rose more than sixfold during the COVID-19 pandemic among the...
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience December 7, 2022 By Esteban Duarte The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...
BMS Acquires Spanish Specialty Broker Eisenar December 7, 2022 BMS, London-based independent specialty insurance and reinsurance broker, announced it has signed a deal to acquire Eisenar, the Spanish specialty...