People Moves: Garside Named CUO at Liberty Specialty Markets Bermuda; RSA’s Perry Hired at Hiscox UK’s Art & Private Client Division June 9, 2021 This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK. A summary of these...
Swedish Activist Investor Cevian Buys 4.95% Stake in UK Insurer Aviva June 9, 2021 By Rafaela Lindeberg Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer’s top three...
Hong Kong Insurance Broker Azure Risk Expands Product Range June 9, 2021 Azure Risk Ltd., a digital provider of marine and freight forwarding insurance, has been granted its application to broaden its...
Generali Drops Out of Race to Buy NN’s Asset Manager Arm: Sources June 9, 2021 Italy’s top insurer Assicurazioni Generali has dropped out of the race to buy the asset management arm of Dutch rival...
Forgotten Your Passwords? They Soon May Be Lost Altogether – with Insurers’ Help June 9, 2021 By James Patterson The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack....
EU Cautions Against Rushing into Public-Private Pandemic Insurance Scheme June 9, 2021 The European Union’s executive body urged caution on Tuesday in the face of calls for a public-private scheme for insuring...
Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW June 8, 2021 The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range...
Bank of England Launches Climate Change Stress Test for Insurers, Banks June 8, 2021 By Huw Jones The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial...
Contaminants from Sri Lanka Ship Wreck Could Cause Wide-Reaching Damage June 8, 2021 By Laura Millan Contaminants released from the wreckage of a container ship off the coast of Sri Lanka could be dragged thousands of...
Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re June 8, 2021 By Alwyn Scott The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy...