AI-Powered Claims Specialist omni:us Closes €12M Financing Round November 15, 2022 omni:us, the Berlin-based provider of artificial intelligence-powered insurance claims automation, has closed its €12 million ($12.4 million) Series A+ expansion...
People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines November 15, 2022 This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new...
Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder November 15, 2022 Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s...
Aircraft Lessor BOC Aviation Sues 16 Insurers Over Claims for Jets Stuck in Russia November 14, 2022 BOC Aviation Ltd. has begun legal action in pursuit of claims against 16 insurers over aircraft the lessor owns that...
Legacy Specialist Enstar Completes Loss Portfolio Transfer With Argo Group November 14, 2022 Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced that one of its wholly owned subsidiaries has closed its loss...
Collapsed Crypto Exchange FTX Flags Millions of Dollars of Unauthorized Transactions November 14, 2022 By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and...
Aon Buys Mexico’s ERN, Expanding Its LatAm Catastrophe Modeling Capabilities November 14, 2022 Aon plc, the global professional services firm, expands its catastrophe modeling and consultancy capabilities in Latin America with the acquisition...
UK Government Rushes to Outline Proposed Power to Overrule Financial Regulators November 14, 2022 By Katherine Griffiths The UK government is rushing to outline a proposed power to overrule the City of London’s financial regulators, as it...
3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products November 14, 2022 Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon,...
Half a Million UK Workers Drop Out of Workforce Citing Long-Term Illness, Mental Health Problems November 14, 2022 By Suban Abdulla The number of people who have dropped out of Britain’s job market since 2019 and who now cite a long-term...