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...
HSBC Banker Suspended After Playing Down Financial Risks of Climate Change May 23, 2022 By Carolyn Cohn and Lawrence White UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first...
Insurer Aspen Completes $3.12B Loss Portfolio Transfer With Run-Off Specialist Enstar May 23, 2022 Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, has completed a previously announced loss portfolio transfer agreement (LPT) with Aspen...
People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia May 23, 2022 This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these...
Insurer FWD Wins Approval for Hong Kong IPO May 23, 2022 By Pei Li FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned...
Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030 May 23, 2022 By Karin Matussek First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker. In the wake of a...
Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected May 23, 2022 By Dan Murtaugh, Rajesh Kumar Singh and Naureen Malik Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest...
Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme May 23, 2022 By Susanna Twidale Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up...