DARAG Sells Non-Legacy Italian Business to NOBIS July 1, 2021 DARAG Group, the Malta-based legacy acquisition company, announced the formal completion of the sale of its active Italian insurance business...
Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re July 1, 2021 Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said...
Update: Britain Unveils Blueprint to ‘Sharpen’ London’s Post-Brexit Competitive Edge July 1, 2021 By Huw Jones Britain’s finance minister pledged on Thursday to “sharpen” the competitive advantage of the UK financial services sector as he set...
Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B July 1, 2021 By Jane Lanhee Lee Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm...
People Moves: Willis Re’s Johns and Aon’s O’Donoghue to Carpenter; Garzon Succeeds Laidlaw at McLarens’ LatAm Business June 30, 2021 Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the appointments of James Johns as managing director, effective...
Google Vows to Target Online Financial Scams in Britain June 30, 2021 Google will clamp down on financial fraud on its platform in Britain, saying on Wednesday that all financial services will...
French Court Refuses to Dismiss Fire Charges Against Buffett-Owned Lubrizol June 30, 2021 By Tangi Salaun A French appeal court on Wednesday rejected a request by chemicals group Lubrizol to have judicial charges over a fire...
Denmark’s Central Bank Compromised by SolarWinds Cyber Attack: Media Report June 30, 2021 COPENHAGEN – Denmark’s central bank was compromised in last year’s global SolarWinds hacking operation, leaving a “backdoor” to its network...
EU Weighs Measures to Bring Financial Sector into Line with Its Climate Plans: Sources June 30, 2021 By Huw Jones The European Union is considering a wide range of measures to bring the bloc’s financial sector into line with its...
QBE Re Opens Office in Colombia, Hiring Hofmann from Howden June 30, 2021 QBE Re announced the opening of a new Colombian office and a key regional hire to support local reinsurance in...