Acrisure Continues UK Growth by Acquiring Sutton Winson and Sutton Specialist Risks October 28, 2022 Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced the acquisitions of Sutton Winson and Sutton Specialist Risks...
Russia’s Threat to ‘Strike’ Western Satellites Tests Laws of War in Space October 28, 2022 By Joey Roulette A Russian official’s threat this week to “strike” Western satellites aiding Ukraine highlights an untested area of international law, raising...
Credit Suisse to Sell Most of Securitized Product Unit to Apollo, PIMCO October 28, 2022 By Steven Arons Credit Suisse Group AG has signed an exclusivity agreement with a group of investors led by Apollo Global Management Inc....
Swiss Re Posts Q3 Loss on Hit From Hurricane Ian, Signals Price Hikes October 28, 2022 Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and...
Making London’s Financial Center a ‘Wild West’ Would Be Self-Defeating: BoE’s Woods October 28, 2022 By Huw Jones Turning the City – London’s financial district – into a “Wild West“ to attract more business after Brexit would be...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia October 28, 2022 By Kirstin Ridley and Carolyn Cohn Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG,...
Aegon to Merge Dutch Arm With Insurer ASR Nederland in $4.9 Billion Deal October 27, 2022 Aegon NV is combining its operations in the Netherlands with insurer ASR Nederland NV, in a bid for market dominance...
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...