Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation April 13, 2021 By Tarek El-Tablawy and Alex Longley Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than...
China Forces Restructuring of Ant Group into Financial Holding Firm April 13, 2021 By Tony Munroe BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion...
New Zealand Becomes 1st Country to Introduce Climate Change Law for Insurers, Banks April 13, 2021 New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to...
Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes April 12, 2021 Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by...
Suez Canal Authority Still in Talks About Compensation for Grounding of Container Ship April 12, 2021 By Abdel Latif Wahba Egypt is still in talks about compensation stemming from the operations to free the giant container ship whose stranding in...
Update: Aon Offers to Sell Assets to Gain EU Antitrust Approval for $30B Willis Bid April 12, 2021 By Foo Yun Chee BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources April 12, 2021 SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S....
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021 Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public...
Watford Holdings Announces Purchase of French P/C Insurer Axeria IARD April 12, 2021 Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has...
People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman April 9, 2021 This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these...