Credit Suisse Steps Up $440M Legal Dispute With SoftBank Over Greensill Funds August 15, 2022 Credit Suisse has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp. in...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims August 15, 2022 Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and...
Hub International Acquires Canada Broker Jaimac Risk Management August 15, 2022 Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Jaimac Risk Management Inc. Terms...
Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims August 12, 2022 NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing...
Wildfires Burn, Farmers Struggle as Another Heatwave Bakes Western Europe August 12, 2022 By Stephane Mahe European nations sent firefighting teams to help France tackle a “monster” wildfire on Thursday, while forest blazes also raged in...
Weakening UK Regulators Would Undermine Financial Services, Bank of England Warns August 12, 2022 Weakening the independence of regulators would undermine reforms to bolster Britain’s finance industry, the head of the Bank of England...
Britain’s Proposed Post-Brexit Financial Reform Explained August 12, 2022 By Huw Jones Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules...
Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture August 11, 2022 A research report published last week found that one-third of claimants were not fully satisfied with their most recent insurance...
Update: Zurich Reports 25% Increase in H1 Operating Profit, Beating Expectations August 11, 2022 By Maria Sheahan and Carolyn Cohn Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the...
UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills August 11, 2022 By Will Louch and Dani Burger UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help...