People Moves: Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Re; SiriusPoint Taps AXA XL’s Pascall as Head of London and Int’l Casualty May 17, 2022 This edition of International People Moves details appointments at Liberty Mutual Re and SiriusPoint. A summary of these new hires...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey May 17, 2022 By L.S. Howard Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills...
India’s LIC Shares Slump After Record, but Disappointing, IPO May 17, 2022 By Nupur Anand and Chris Thomas Shares in Life Insurance Corp. of India (LIC) slid 6% in their market debut on Tuesday, a fresh setback for...
Climate Change Is Hurting Insurance Industry: Report May 17, 2022 Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers May 16, 2022 By L.S. Howard Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated...
People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines May 16, 2022 This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali. A summary of these new...
Drugmaker Sanofi Ordered to Compensate French Family for Epilepsy Drug Side Effects May 16, 2022 PARIS – A French court has ordered Sanofi to pay more than 400,000 euros ($416,440) in damages to a family...
Climate Change Exacerbated Deadly Floods in South Africa: Study May 16, 2022 By Antony Sguazzin and Khuleko Siwele South Africa’s deadliest floods in almost three decades was exacerbated by climate change and similarly heavy rainfall can be expected...
EU Agrees to Tougher Cyber-Security Rules for Key Sectors, Including Financial Services May 16, 2022 By Foo Yun Chee EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers...