This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone. A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA Roles Commercial property insurer FM Global has …
Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax rate, according to Fitch Ratings in a market commentary. The …
Insurance broker Aon and cyber security specialist Cybereason announced an alliance to help protect clients from sophisticated cyber attacks. Cybereason’s Cyber Defence Platform, together with Aon’s Cyber Solutions, will enable clients to better prevent, detect and respond to cyber threats …
DOHA – Employers in Qatar will be required to provide health insurance coverage for expatriates and their families under a new law issued by the emir this week, a senior Qatari official said on Thursday. The huge number of foreign …
VENICE, Italy (AP) – After Venice suffered the second-worst flood in its history in November 2019, it was inundated with four more exceptional tides within six weeks, shocking Venetians and triggering fears about the worsening impact of climate change. The …
Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The increased capacity allows the company to serve clients via domestic U.S. or Bermuda markets through underwriting teams in both …
Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith, Starboard’s chief executive officer, said Willis …
Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in Hamilton, Bermuda. Financial terms of the transaction were not disclosed. Foram is an independent re/insurance broker that provides speciality brokerage services in …
CFC Underwriting, the London-based specialist managing general agent, announced a major investment jointly led by EQT and Vitruvian Partners, two of Europe’s leading private equity firms. The size of the investment was not disclosed. Founded in 1999, CFC was one …
BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As part of the acquisition, VIB will become BMS Korea, a newly-licensed …
