The Global Urgency of Building the Carbon Removal Industry July 13, 2022 By L.S. Howard “If you build it, they will come.” This famous, but paraphrased, quote from the film “Field of Dreams” is apropos...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero July 13, 2022 By L.S. Howard Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the...
Broker NFP Forms Captive Manager in Canada July 13, 2022 Insurance broker NFP has established a captive management firm in Canada following Alberta’s establishment of a regime for captive insurance...
Russia Pauses Seizure of Assets of Western Firms Exiting the Country July 13, 2022 Note: This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Moscow’s plan...
Hong Kong Securities Chief Alder Named Chair of Financial Conduct Authority July 13, 2022 The UK Treasury has announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA)....
Specialty Insurer Mosaic Opens for Business in Canada With Fraser at Helm July 13, 2022 Mosaic Insurance is opening an office in Toronto, Ontario and has hired Ian Fraser to spearhead the company’s expansion into...
Report Finds Nearly 60% Jump in UK Households in Serious Financial Trouble July 12, 2022 One in six United Kingdom households (4.4 million) are now in “serious financial difficulties” compared to one in 10 (2.8...
Cinven Raises $1.5 Billion for Dedicated Insurance, Financial Services Fund July 12, 2022 By Jan-Henrik Förster Cinven has completed fundraising for its first dedicated financial-services fund, collecting 1.5 billion euros ($1.5 billion) in a rare move...
German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B July 12, 2022 Berlin insurtech wefox reports it has closed a Series D funding round of US$400 million and increased its valuation to...
WTW Acquires Climate Risk Analytics Firm Butterwire July 12, 2022 Insurance broker WTW reported its acquisition of Butterwire, a provider of data analytics, artificial intelligence and machine learning platforms. Based...