QBE Reports 22% Surge in Q1 Premiums, Expects Hit From Ukraine War May 4, 2022 Australia’s QBE Insurance Group said on Thursday its first-quarter written premiums grew 22% in constant currency terms, as volatility because...
AXIS Insurance International Launches Portfolio Underwriting Unit in London May 4, 2022 AXIS Capital Holdings Ltd. has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the...
People Moves: Lim Promoted to CEO, Howden Singapore; Liberty Specialty Mkts. Hires Lim for Aviation Claims; OdysseyRe Taps Everest’s Finnegan for U.S. General Casualty May 4, 2022 This edition of International People Moves details appointments at Howden Singapore, Liberty Specialty Markets and OdysseyRe. A summary of these...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand May 4, 2022 By Jonathan Saul Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved...
Africa’s Largest Insurer, Samlam, Partners With Allianz on $2.1 Billion Deal May 4, 2022 By John Bowker Sanlam Ltd., Africa’s largest insurer, agreed to form a joint venture with Germany’s Allianz SE that will combine their assets...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
Lessor Avolon Reports $304M Impairment Over Seized Russian Aircraft May 4, 2022 Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10...
Pay for UK Financial Services Workers Surges at Double National Rate May 4, 2022 By Reed Landberg Pay for financial services workers in the UK has surged at double the pace for the rest of the economy...
Global Supply Chain Woes Worsen, With Major Ports Facing Long Delays: Report May 4, 2022 By Marc Jones Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns,...
UK’s Aston Lark Purchases UKGlobal Broking Group in 50th Acquisition May 3, 2022 Aston Lark, the London-based broker, announced UKGlobal Broking Group as its 50th acquisition since launching in 2018, less than two...