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...
Turkish Insurers Facing Severe Strain, Fitch Ratings Warns June 22, 2022 Turkish insurers are facing one of their most challenging operating environments of the past decade, with earnings and capital adequacy...
Renault and Nissan Face Legal Action in France Over Engine Problem June 22, 2022 Carmaking partners Renault and Nissan face legal action in France from customers who have suffered problems with some engines made...
Broker Miller Announces Hands Will Succeed Collins as CEO; Chair Clarke to Retire June 21, 2022 Miller, the London-based independent specialist re/insurance broker, announced that James Hands will succeed Greg Collins as CEO of Miller. Collins...
People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property June 21, 2022 This edition of Internationl People Moves details appointments at Arch Insurance International and Willis Towers Watson (WTW). A summary of...