Former Executive of PICC Property & Casualty Expelled From China’s Communist Party May 25, 2022 China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party,...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources May 25, 2022 By M. Sriram India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial...
People Moves: Arch Hires Chaucer’s Bauckham for Terrorism, Political Violence & War Team; Dale Moves Into Marine Treaty With 2 Hires From MS Amlin May 24, 2022 This edition of International People Moves details appointments at Arch Insurance International and Dale Underwriting Partners. A summary of these...
R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech May 24, 2022 The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it...
Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage May 24, 2022 MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk...
Munich Re Issues Green Bond in U.S. Market, in a First for a European Insurer May 24, 2022 Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated...
Credit Agricole Italy Weighs Investing in Banco BPM’s Insurance Business May 24, 2022 Credit Agricole Italy is interested in investing in the insurance activities of Banco BPM, the French banking group’s Italy head...
WTW Launches Cyber Coverage for Ports and Terminals May 24, 2022 Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber...