BRUSSELS – European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by Friday or at the weekend, and EU officials said negotiators were likely to review progress in the next two days. …
BMS Group, the independent specialist re/insurance broker, announced the appointment of Aidan Pope as executive chairman of its Latin American and Caribbean business, effective on Jan. 1, 2021. Pope will focus on growing BMS’ operations in Latin America and the …
Prospero Re Ltd., a reinsurance company wholly owned by ILS Capital Management with $250 million in statutory capital, has received Bermuda Monetary Authority (BMA) approval of its amended business plan, allowing it to write traditional as well as collateralized reinsurance …
COLOMBO — The Burevi tropical cyclone is headed towards southern India, authorities said on Thursday, after it slammed Sri Lanka’s east coast earlier this week but caused little damage. The India Meteorological Department (IMD) issued a “red” warning to parts …
Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the Corporation of Lloyd’s and will start underwriting for …
U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s Delaware-domiciled insurer, allowing the deal to proceed to meet other regulatory requirements. The deal was originally proposed in 2016, but …
Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all of its interests in RiverStone Europe to private equity firm CVC Capital Partners for approximately $750 million. Fairfax also will …
Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction were not disclosed. Located in Mount Royal, Quebec, Canada, Seymour Alper Inc. is an insurance and risk management firm providing innovative …
COLOMBO – Sri Lanka evacuated 75,000 people from homes on the east coast, where Tropical Cyclone Burevi, packing winds of 80 kph to 90 kph (50 mph to 56 mph) is expected to hit the island nation late on Wednesday. …
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of David Bangs as head of Japan. Bangs joins AXIS Re from Willis Re Singapore where he served as executive director. Prior to that, he held …
