People Moves: Ed Broking’s Baird Takes Leadership Role at Aventum; Chubb Appoints AGCS’ Nicklin as Global Client Executive for UK, Ireland June 23, 2022 This edition of International People Moves details appointments at re/insurance broker Consilium and the insurer Chubb. A summary of these...
Financial Conduct Authority Fines JLT Specialty £7.8 million June 23, 2022 The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime...
Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover June 23, 2022 Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a...
Russian Oil Tankers Get Their Safety Certification From India via Dubai Company June 23, 2022 By Nidhi Verma and Jonathan Saul India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot,...
Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions June 23, 2022 By Archie Hunter, Ben Bartenstein, Verity Ratcliffe and Isis Almeida Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them...
UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers June 23, 2022 By Huw Jones Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European...
Insurance Technology: BirdsEyeView Wins Funds for Parametric Cover; Audatex Adds Live Car Valuation Data June 22, 2022 Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the...
Digital Insurer Startup Wefox Seeks Funding at Over $5 Billion Value June 22, 2022 By Katie Roof, Dinesh Nair and Ivan Levingston Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to...
Acrisure Acquires UK Independent Brokerage Russell Scanlan June 22, 2022 U.S.-based insurance broker Acrisure reports that it has acquired UK independent specialty broker Russell Scanlan in Nottingham. The deal is...
EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices June 22, 2022 By Alberto Nardelli, Michael Nienaber and Ivan Levingston European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an...