Cryptocurrency Crash ‘Plausible Scenario’, Regulations Needed: BoE’s Cunliffe October 13, 2021 A collapse in cryptocurrencies is a “plausible scenario” and rules are needed to regulate the fast-growing sector as a “matter...
Strong Earthquake Jolts Greek Island of Crete, 3 Weeks After Another Temblor October 13, 2021 ATHENS, Greece (AP) – A strong earthquake jolted the Greek island of Crete on Tuesday, three weeks after another temblor...
Howden to Acquire UK Broker Aston Lark From Goldman Sachs October 13, 2021 Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset...
Munich Re’s Venture Arm Raises $500M for Fund Focused on Insurtech, Cybersecurity October 13, 2021 Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with...
Typhoon Kompasu Lashes Hong Kong, Forcing Cancellation of Stock Trading October 13, 2021 By Dominic Lau and Jeanny Yu Hong Kong suspended schools and the city’s $6.3 trillion stock market canceled trading Wednesday as strong winds and rain from...
China’s Anti-Graft Watchdog to Inspect Financial Regulators, State Banks, Insurers October 13, 2021 By Bloomberg News China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six...
Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners October 12, 2021 Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd’s, announced it has agreed a $90 million investment by...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers October 12, 2021 This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary...
Specialty MGA Rokstone Launches Terrorism Facility in the UK, Led by Ensurance’s Steel October 12, 2021 Rokstone, the London-based speciality re/insurance managing general agency, has launched a new terrorism facility with “A”-rated capacity in the UK....
How New International Deal Could Stem Corporate Use of Tax Havens October 12, 2021 By David McHugh FRANKFURT, Germany (AP) – More than 130 countries have forged a deal on sweeping changes in how big global companies...