U.S. Pet Insurer Trupanion Plans Overseas Growth, Hiring Agria’s Wheeler to Lead Expansion June 17, 2021 Trupanion, the Seattle-based medical insurer for cats and dogs, announced it has hired Simon Wheeler as its executive vice president...
Court Orders IKEA to Pay $1.2M Fine for Spying on French Employees June 17, 2021 By Caroline Pailliez PARIS – A French court on Tuesday ordered IKEA to pay a 1 million euro ($1.2 million) fine for spying...
Investigation into Collapse of Mexico City Metro Rail Line Blames Structural Fault June 17, 2021 MEXICO CITY – Preliminary findings of an independent investigation into the deadly collapse of a Mexico City metro rail line...
U.S. Justice Department Files Suit to Block Aon’s Purchase of Willis Towers Watson June 16, 2021 Aon’s proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice...
Credit Suisse Begins Filing Insurance Claims Over Greensill Capital Collapse – FT June 16, 2021 By Kanishka Singh and Makiko Yamazaki Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied...
A.J. Gallagher Acquires Ontario’s Excess Underwriting Co. June 16, 2021 Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency...
COVID Crisis Cuts Global Macro Resilience, Raises Insurance Protection Gap: Swiss Re June 16, 2021 By L.S. Howard The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18%...
Lockton Re Launches Bermuda Office Led by Former Aon Executive Davies June 16, 2021 Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda...
PwC to Create 100,000 New Jobs to Help Clients Grappling with ESG Reporting June 16, 2021 By Jessica DiNapoli Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed...
Britain Calls on EU to Open Financial Services Talks, Urging Bloc to Avoid Protectionism June 16, 2021 By Huw Jones Britain’s finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on...