AXA XL Taps Clarke from WTW, Generali’s Warke for UK Broker Management Team June 17, 2020 AXA XL announced two additions to its UK broker management team: Michael Clarke has been appointed Regional Broker Distribution leader...
When UK Firms Transfer Pension Obligations to Insurers, They See Share Boost: Report June 17, 2020 Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more...
Russia Aims to Complete Nord Stream Gas Pipeline, Despite U.S. Objections June 17, 2020 By Morten Buttler and Patrick Donahue Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for...
China Pacific Insurance Co.’s Shares Rise on $1.8 Billion London Market Debut June 17, 2020 By Huw Jones and Abhinav Ramnarayan Shares in China Pacific Insurance Co. (CPIC) rose on their London debut on Wednesday after the company completed the largest...
UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts June 17, 2020 By Lucca de Paoli Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the...
Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re June 16, 2020 Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with...
No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies June 16, 2020 By Joe Mayes, Deirdre Hipwell and Suzi Ring Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market June 16, 2020 Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS,...
CEO Watsa Buys US$149M of ‘Ridiculously Cheap’ Fairfax Shares June 16, 2020 Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting...
Charles Taylor Taps Former AXA Executive Brown as Group CEO June 16, 2020 Charles Taylor, the London-based provider of services and technology solutions to the global insurance market, has appointed Rob Brown as...