Airbus Faces €300 Million Lawsuit From Group of Investors Over Bribery Scandal January 7, 2022 By Ellen Milligan and Charlotte Ryan Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed...
Canada’s Insurers and Banks Rethink Return-to-Office Plans Amid Omicron Concerns January 7, 2022 Canada’s top health official Theresa Tam has warned that COVID-19 cases in the country could jump in coming days, due...
People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO January 6, 2022 This edition of International People Moves details appointments at Willis Towers Watson and Hiscox. A summary of these new hires...
UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead? January 6, 2022 By L.S. Howard UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility...
France Data Privacy Watchdog Slaps €150M Fine on Google for Misusing ‘Cookies’ January 6, 2022 By Mathieu Rosemain PARIS – France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros...
MS Amlin Launches 2nd Asia-Focused Special Purpose Reinsurance Vehicle for ILS January 6, 2022 MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s global specialty re/insurer, announced its Singapore-based operation has launched its second local...
UK Broker Aston Lark Buys Phoenix Healthcare in 2nd UK Acquisition of 2022 January 6, 2022 Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced Phoenix Healthcare (UK) as the...
CFC Merges Medical Malpractice and Healthcare Teams to Build Critical Mass in London January 6, 2022 CFC Underwriting, the managing general agent and emerging risk specialist, announced the creation of a single healthcare team in the...
Cryptocurrency Crime Hit Record $14 Billion in 2021: Research January 6, 2022 By Tom Wilson Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record...
Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks January 6, 2022 The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd’s...