Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees March 14, 2022 By Neil Weinberg, Alex Wittenberg and Will Louch It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia March 14, 2022 By Tom Sims, Simon Jessop and Paul Arnold Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their...
Canada’s Definity to Acquire Minority Stake in Broker Apollo Insurance March 11, 2022 Definity Financial Corp. announced a strategic partnership with APOLLO Insurance Solutions Ltd., a Canadian digital insurance broker and MGA that...
People Moves: Sompo Int’l Restructures Insurance Business With 4 Teams; Miller Hires Martin for Sports & Entertainment; CFC Promotes Berry to Cyber Product Leader March 11, 2022 This edition of International People Moves details appointments at Sompo International, Miller and CFC Underwriting. A summary of these new...
Norwegian Ship Certifier DNV Winds Down Russia Business March 11, 2022 Norway’s DNV, one of the world’s top ship certifiers, is winding down its Russia business and reviewing all existing contracts...
Insurtech MGA Loadsure Raises $11M to Expand Cargo Insurance Technology Platform March 11, 2022 Insurtech MGA Loadsure announced that it closed its $11 million Series A funding round, led by MMC Ventures. Other investors...
Aircraft Lessors Face Legal Quagmire on Russia Jet Repos. Will Insurers Provide Relief? March 11, 2022 By Tim Hepher, Engen Tham and Carolyn Cohn Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from...
Kazakhstan’s Flagship Air Carrier Suspends Flights to Russia Amid Insurance Issues March 11, 2022 Kazakhstan’s flagship carrier, Air Astana, has suspended all flights to Russia and over Russian territory because such flights can no...
Top Ship Certifier Lloyd’s Register Withdraws Services to Russia March 11, 2022 Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow...
Mosaic to Buy Sirius Int’l Lloyd’s Managing Agency; SiriusPoint to Be Mosaic Investor March 10, 2022 Mosaic Insurance has entered into an agreement to purchase the Lloyd’s managing agency of SiriusPoint as part of a transaction...