UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil December 13, 2022 By Huw Jones and David Milliken Investment funds and other non-bank financial institutions face their first “stress test” next year to apply lessons from the near-meltdown...
Generali Raises Projected Profit Boost From Purchase of Cattolica December 13, 2022 Italy’s biggest insurer Generali on Tuesday raised the projected boost to its earnings from last year’s purchase of smaller rival...
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard December 13, 2022 Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels...
Indian Tycoon Birla Weighs Selling Insurance Brokerage Unit: Sources December 13, 2022 By Anto Antony Aditya Birla Capital Ltd., controlled by billionaire Kumar Mangalam Birla, is considering selling its insurance brokerage unit as the group...
FTX Founder Bankman-Fried Arrested in Bahamas at Behest of U.S. Prosecutors December 13, 2022 By Jasper Ward, Luc Cohen and Angus Berwick FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of U.S. prosecutors on Monday, the day before...
Russia Insurer Ingosstrakh Has No Plans to Fill Insurance Gap Caused by Sanctions December 13, 2022 Russian insurer Ingosstrakh said on Monday it has no plans to offer policies to new clients who may lose coverage...
UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’ December 12, 2022 The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of...
People Moves: Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian; CNA Canada Promotes Detablan as VP, Specialty & Risk Managed Casualty December 12, 2022 Lloyd’s Elects Aon’s Dudley as Council Member, Succeeding Christian Lloyd’s of London, the commercial insurance and reinsurance marketplace, has elected...
Chubb to Launch Technology Hub in Thessaloniki, Greece December 12, 2022 Property/casualty insurer Chubb announced it will launch a new technology services center in Thessaloniki, Greece, in early 2023, aiming to...
Australia’s Financial Services Firms Failing to Narrow Gender Pay Gap: Report December 12, 2022 By Amy Bainbridge Australian employers are failing to narrow the pay gap between men and women, with finance firms among the worst offenders....