Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon January 26, 2022 By L.S. Howard Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to...
China Strengthens Anti-Money Laundering Rules for Financial Services Firms January 26, 2022 China on Wednesday published revised rules designed to strengthen financial firms’ ability to combat money laundering. The revised rules, which...
AllianzGI Creates Unit Focused on Investing in Companies With Measurable ESG Impact January 26, 2022 By Simon Jessop and Elizabeth Howcroft Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit...
Generali Loses Third Board Director in Less Than 2 Weeks January 26, 2022 Italy’s biggest insurer Generali said on Tuesday Sabrina Pucci had resigned from its board for personal reasons, the third director...
Owners of High-End London Restaurants Sue AXA Over Failure to Pay COVID Claims January 26, 2022 By Katharine Gemmell The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as...
People Moves: Peak Re Appoints Echo Re’s Nowakowski to Lead P/C Underwriting; Gallagher Re Hires EMEA Dir. for Public-Private Initiatives; Pool Re’s Enoizi to Work With Cambridge Centre for Risk Studies January 25, 2022 This edition of International People Moves details appointments at Peak Re, Gallagher Re and the Cambridge Centre for Risk Studies....
Italy OKs Treasury Taking Control of Credit Insurance Agency SACE January 25, 2022 By Giuseppe Fonte Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi...
UK Regulator Warns Firms to Protect Customers in Liability Management Schemes January 25, 2022 By Lucca de Paoli The UK’s markets watchdog warned it will come down hard on struggling firms that leave customers out of pocket when...
World’s Largest Asset Owners Pledge to Halve Emissions in Portfolios by 2030 January 25, 2022 By Simon Jessop A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube January 25, 2022 Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber...