Credit Suisse Makes $180M Provision for Major Litigation Costs October 27, 2022 By Hugo Miller and Jeremy Hodges Credit Suisse Group AG has made a 178 million Swiss francs ($180 million) provision for major litigation costs in the...
People Moves: Argenta Taps AXIS Re’s Haynes as Marine XoL U/W; Fusion Names Senior Hires in Singapore, Hong Kong; BMS Appoints Tesei for European Energy Reinsurance October 27, 2022 This edition of International People Moves details appointments at Argenta Syndicate Management Ltd. (ASML), Fusion and BMS Group. A summary...
Global Insurance Rates Continue Rising at Slower Levels; Cyber Outpaces Other Lines October 27, 2022 Global insurance pricing continued to rise, although at a slower pace, during the third quarter, which saw commercial insurance premiums...
South African Economic Hub May Be Terror Target, U.S. Warns October 27, 2022 By Renee Bonorchis One of South Africa’s richest suburbs may be the target of a terrorist attack this weekend, according to an alert...
China’s Fosun Weighs Options for Hong Kong-Based Peak Re: Sources October 27, 2022 By Manuel Baigorri Fosun International Ltd. is weighing strategic options for its Hong Kong-based Peak Reinsurance Co. as the Chinese conglomerate looks to...
Insurance Risk Transfer Platform Vesttoo Valued at $1 Billion After Latest Funding Round October 26, 2022 By Manya Saini Vesttoo Ltd. said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform...
Earth Is on Track to Warm Above 2C, Even With Climate Action: UN Report October 26, 2022 By Laura Millan Government plans to cut greenhouse gas emissions aren’t enough to avoid catastrophic global warming, with the planet on track to...
Ex-Barclays Banker Hikes Claim for Damages Over Sexism, Working Hours to $4.6M October 26, 2022 By Kirstin Ridley A former Barclays banker has raised a claim for damages against the bank over sexism and a failure to adjust...
Update: Ping An Profit Falls 6.3% on Market Turmoil, Weaker Sales October 26, 2022 Ping An Insurance (Group) Co., China’s second-largest insurer by market value, posted a 31.5% drop in third-quarter profit as a...
Moody’s Cuts Fosun International’s Credit Rating Amid Concerns Over Asset Sales October 26, 2022 By Roxanne Liu and Kane Wu Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative”...