Arch Re Promotes Moeller to CEO, With Bongiorno, Hackett as CUOs; Brit Hires Hiscox’s Allchorne, Aviva’s Wells for N. America Open Market Property Team January 7, 2022 This edition of International People Moves details appointments at Arch Re and Brit. A summary of these new hires follows...
Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW January 7, 2022 Global mergers and acquisitions activity attained historic highs in 2021 with 1047 deals valued more than $100 million, a significant...
Qatar Airways Seeks More Than $600M in Dispute Over Airbus A350’s Surface Flaws January 7, 2022 By Tim Hepher and Guy Faulconbridge Qatar Airways is seeking more than $600 million in compensation from Airbus over surface flaws on A350 jetliners, according to...
Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer January 7, 2022 Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition,...
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...