Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232 September 13, 2022 Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions,...
Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices September 13, 2022 By Foo Yun Chee Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices...
Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen September 13, 2022 By Sinead Cruise, Carolyn Cohn and Kate Holton Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events...
Property Catastrophe Reinsurance Entering a True Hard Market September 13, 2022 By Robert Mazzuoli and Brian C. Schneider, Fitch Ratings Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain...
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules? September 12, 2022 By Timothy Gardner The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s...
People Moves: Everest Re Taps Nationwide’s Rudow as Head of Cyber Reinsurance; BMS Re Names McDowell as Bermuda CEO, Binetti as Head of Casualty Treaty September 12, 2022 This edition of International People Moves details appointments at Everest Reinsurance and BMS Re. A summary of these new hires...
Lockton Re Forms Capital Markets Unit September 12, 2022 Lockton Re, the global reinsurance business of independent insurance broker Lockton, has formed Lockton Re Capital Markets (LRCM), designed to...
MS Amlin AG to Rebrand as ‘MS Reinsurance’ September 12, 2022 MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s...
Autonomous Cars May Always Need Remote Human Supervisors, Experts Say September 12, 2022 By Nick Carey and Paul Lienert MILTON KEYNES, England — Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop...
Gallagher Re Launches Academic Research Center September 12, 2022 Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global...