Legal & General Investment Management will sell holdings in four companies including U.S insurer American International Group Inc. after deeming they’re making insufficient progress on addressing climate change risks. The UK asset manager said in a statement on Tuesday it …
Russian emergency workers fought wildfires burning Sunday on more than 550 square kilometers (212 square miles) of territory mostly in Siberia and the Far East. The state agency responsible for fighting forest fires, Avialesookhrana, said the largest blaze was in …
Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market a fresh perspective on cyber reinsurance “by coupling the …
This wrap-up of international People Moves details recent appointments at Liberty Specialty Markets and underwriting agency DUAL, which is part of Howden Group Holdings. A summary of these new hires follows here. Liberty Specialty Markets (LSM), part of Liberty Mutual …
COLOMBO, Sri Lanka – Sri Lanka is seeking an interim claim of $40 million from the operator of a fire-ravaged cargo ship to cover part of the cost of fighting the blaze, officials said Saturday. Sri Lanka’s attorney general has …
Intact Financial Corp. and Tryg A/S have entered into an agreement to sell Codan Forsikring A/S’s Danish business to Alm. Brand A/S Group for about 12.6 billion Danish kroner (approximately $2.52 billion) in cash. The agreement has been made with …
Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial terms of the deal were not disclosed. Based in Dublin, McMahon Galvin was founded in 1970 and has built a …
UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group after Europe’s biggest insurers pulled out of the auction, three sources familiar with the deal told Reuters. Prudential Financial Inc …
The Insurance Council of Australia (ICA) has declared a catastrophe for regions of Victoria affected by significant storms and flooding of the last few days. The ICA’s catastrophe declaration serves to escalate and prioritize the insurance industry’s response for affected …
Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the UK, the country’s cyber security chief will say Monday. Lindy Cameron, who is chief executive of the National Cyber …
