IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks February 23, 2022 By Huw Jones A push to make London more attractive as a global financial center after Brexit must not threaten high standards of...
Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd. February 23, 2022 Nexus Underwriting Management Ltd. (NUML), the London-based specialty managing general agent and intermediary, announced it will be renamed Kentro Capital...
Fire on Car Transport Ship Felicity Ace Continues After One Week February 23, 2022 By Craig Trudell and Joao Lima The operator of Felicity Ace, the ship transporting thousands of Porsches, Lamborghinis and other Volkswagen AG vehicles, said Tuesday it...
Munich Re Forecasts 14% Jump in 2022 Profit as It Reports Bounceback From Pandemic February 23, 2022 German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback...
EU Orders Hungary to Cancel Its Veto of Sale of Aegon Unit to Vienna Insurance February 22, 2022 By Aoife White Hungary was ordered by the European Union to cancel its decision to block the sale of Dutch insurer’s Aegon NV’s...
People Moves: Insurtech BOXX Canada Hires Beazley’s Baker as President; Williams Takes Role of M.D., Hiscox Guernsey; AXA XL Names Wells U/W, Marine – UK & Lloyd’s February 22, 2022 This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL. A summary of these...
Chinese Authorities Tell Banks, State-Owned Firms to Report Exposure to Ma’s Ant Group February 22, 2022 By Bloomberg News Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial...
Prospective Investors in Giant LIC IPO Worried About Gov’t Control of Insurer: Sources February 22, 2022 By Nupur Anand, Aftab Ahmed and Scott Murdoch Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’ February 22, 2022 By Huw Jones Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment,...