Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses July 9, 2021 By Alastair Marsh Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals July 9, 2021 By Silla Brush Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for...
VW to Appeal Italy Court Decision Ordering $236M Payment in Dieselgate Class Action July 8, 2021 Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund...
EU Fines VW, BMW $1B for Colluding to Curb Use of Emissions Cleansing Technology July 8, 2021 By Marine Strauss and Alexander Hübner BRUSSELS – The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on...
People Moves: Chubb’s Thanduparakkal to Hiscox, SCOR’s Prabis to Hiscox ILS; Tokio Marine HCC Int’l Hires 3 for Professional Risks July 8, 2021 These International People Moves detail appointments at Hiscox and Hiscox ILS as well as three appointments at Tokio Marine HCC...
SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance July 8, 2021 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that...
UK’s Pool Re Launches Advisory Group to Develop Public-Private Solutions for Systemic Risks July 8, 2021 Pool Re, Britain’s leading terrorism reinsurer, announced the launch of “Re:New,” an advisory group that will explore how to protect...
German Consumer Group Files Lawsuit Against Daimler over Diesel Emissions Scandal July 8, 2021 Germany’s largest consumer protection group filed a lawsuit on Wednesday against car maker Daimler that it said would make it...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals? July 8, 2021 By Chris Beck and Blake Fleisher The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers...
People Moves: Newland Joins Miller as Head of Renewable Energy; Aon’s McKenzie to BMS in Australia; Dasgupta to Lockton Re July 7, 2021 This group of International People Moves covers appointments at three brokers: Miller, BMS and Lockton Re. A summary of these...