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...
Ever Given Container Ship Resumes Journey from Suez, 106 Days After Getting Stuck July 7, 2021 By Nadeen Ebrahim ISMAILIA, Egypt – The Ever Given, one of the world’s largest container ships, resumed its journey and left the Suez...
Global Financial Regulators Seek Coordinated Response to Climate Change Risk July 7, 2021 By Nicholas Comfort The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still...
Argentinian Satellite Data Company to Go Public with Cantor Fitzgerald SPAC July 7, 2021 By Jorgelina do Rosario Satellogic, a Buenos Aires-based company that uses satellites to map the earth, plans to go public after a merger with...