Egypt Expects to Finalize Ever Given Compensation Deal Next Week June 24, 2021 By Abdel Latif Wahba Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in...
Arch Reinsurance to Acquire UK’s Somerset Bridge Group June 24, 2021 Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern...
Chaucer Forms Lloyd’s Consortium for Firms Working on China’s Belt & Road Initiative June 24, 2021 Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially...
Singapore Reinsurers’ Association Re-elects Executive Committee June 24, 2021 The Singapore Reinsurers’ Association (SRA) has re-elected three retiring members of its executive team, which resulted in an unchanged EXCO...
EY and Germany’s Finance Minister Blamed for Oversight Failings in Wirecard Collapse June 23, 2021 BERLIN – German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country’s...
People Moves: Willis Re’s Loggie to TigerRisk; Aon’s Lee to Lockton Re; Wakam’s Mebarki to Miller June 23, 2021 These international People Moves detail appointments at three insurance brokers: TigerRisk Partners, Lockton Re and Miller. A summary of these...
European Commission to Form Cyber Unit to Fight Growing Online Crime June 23, 2021 By Foo Yun Chee The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber...
Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million June 23, 2021 Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After...
Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority June 23, 2021 ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal...
People Moves: Howden Australia Hires 3 from Marsh; Strategic Risk Solutions Appoints Schons in Luxembourg; Quinn Promoted at Liberty Specialty June 22, 2021 These international People Moves include recent appointments at Howden Australia, which hired three people from Marsh; a new hire at...