EU Orders Hungary to Cancel Its Veto of Sale of Aegon Unit to Vienna Insurance February 22, 2022 By Aoife White Hungary was ordered by the European Union to cancel its decision to block the sale of Dutch insurer’s Aegon NV’s...
People Moves: Insurtech BOXX Canada Hires Beazley’s Baker as President; Williams Takes Role of M.D., Hiscox Guernsey; AXA XL Names Wells U/W, Marine – UK & Lloyd’s February 22, 2022 This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL. A summary of these...
Chinese Authorities Tell Banks, State-Owned Firms to Report Exposure to Ma’s Ant Group February 22, 2022 By Bloomberg News Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial...
Prospective Investors in Giant LIC IPO Worried About Gov’t Control of Insurer: Sources February 22, 2022 By Nupur Anand, Aftab Ahmed and Scott Murdoch Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...
UK to Ease Solvency II Insurance Capital Rules to Unlock ‘Billions of Pounds’ February 22, 2022 By Huw Jones Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment,...
Porsches and Lamborghinis Lost at Sea in Cargo-Ship Fire Could Cost $155 Million February 22, 2022 The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least...
Update: Ship Carrying Porsches, Audis and Bentleys Catches Fire Near Azores February 19, 2022 By Madison Muller The Felicity Ace, a massive cargo ship carrying thousands of Volkswagen Group vehicles, caught fire near the Azores islands in...
Storm Eunice Batters Britain and Ireland With Record Winds Hitting 122 Mph February 18, 2022 By Paul Sandle and Muvija M An Atlantic storm battered Britain and Ireland on Friday with record winds of up to 122 miles per hour, killing...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters February 18, 2022 This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A...