Update: Devastating Mudslides, Floods Bring Rising Death Toll in Brazil February 18, 2022 By Mauricio Savarese and Mario Lobao PETROPOLIS, Brazil (AP) – Rio de Janeiro state’s government has confirmed 105 deaths from floods and mudslides that swept away...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...
UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday February 17, 2022 By Rachel Morison and Brian K. Sullivan Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles...
Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine February 17, 2022 Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based...
HDI Global Restructures Asia-Pacific Operations, Simplifying Reporting Structures February 17, 2022 Industrial insurer HDI Global SE has restructured its Asia Pacific operations in a move designed to simplify reporting structures in...
Canadian Pension Fund CDPQ to Buy Stake in Cyber-Security Firm ESentire: Sources February 17, 2022 By Liana Baker ESentire Inc., a cyber-security company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake...
People Moves: BHSI Promotes Alder-Smurthwaite, Emson for UK Casualty; Marsh Names Faull Head of Climate & Sustainability Risk; MS Amlin Appoints 4 for Risk Team February 17, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Marsh and MS Amlin Underwriting Ltd....
French Insurer CNP to Stop Financing New Oil/Gas Projects to Help Limit Global Warming February 17, 2022 By Simon Jessop France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning...
Former CEO of Allianz UK Appointed as CEO of Hiscox UK February 17, 2022 Hiscox, the Bermuda-based specialist global insurer, announces the appointment of Jon Dye as its new UK CEO, effective September 2022,...
Generali Chairman to Step Down Amid Investor Tensions That Are ‘Source of Regret’ February 16, 2022 By Valentina Za The chairman of Italy’s biggest insurer, Generali GASI.MI, plans to step down in April after 11 years in the job,...