Investment Firm Apollo Hikes Stake in Athene to 35% in Deal Worth $1.55B October 29, 2019 By Heather Perlberg Apollo Global Management Inc. is doubling down on its investment in Athene Holding Ltd., increasing its stake to 35% and...
Chubb Taps Poole from Tokio Marine as Head of Middle Market, UK & Ireland October 29, 2019 Chubb announced the appointment of Jonathan Poole as head of Middle Market for the UK and Ireland. In this role...
Torrential Rain Causes Flooding, Mudslides in Japan, Killing at Least 10 October 28, 2019 By Mari Yamaguchi Torrential rain that caused flooding and mudslides in towns east of Tokyo left at least 10 people dead and added...
Marsh JLT Specialty Taps Nevill from Gard (UK) as CEO, UK Marine & Cargo October 28, 2019 Insurance broker Marsh announced the appointment of Louise Nevill as chief executive officer for Marsh JLT Specialty’s UK Marine &...
U.K. Aims to Ensure Post-Brexit Strength of Financial Services Sector: Minister October 28, 2019 By Huw Jones Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial...
Blackstone’s Lombard Could Face Legal Issue with $1B-Plus of Unsigned Policies October 28, 2019 By Neil Weinberg and Karin Matussek For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy...
Lloyd’s Insurer AEGIS London Launches Digital Trading Division October 28, 2019 Lloyd’s insurer AEGIS London has launched a digital trading division, dedicated to building and distributing digital products. Tom Squires, AEGIS...
Johannesburg City Hit by Hackers Who Demanded Bitcoin Ransom October 28, 2019 By Roxanne Henderson and Jacqueline Mackenzie The City of Johannesburg shut down its website and billing systems after a group hacked into the authority’s system and...
Boeing 737 Max’s Design, Pilot and Regulatory Errors Caused Lion Air Crash October 28, 2019 By Harry Suhartono, Fathiya Dahrul and Alan Levin Indonesian investigators found sweeping problems and missteps in connection with last year’s fatal Lion Air crash, including design flaws in...
EU Agrees to Delay Brexit Until Jan. 31, as U.K. Parliament’s Impasse Continues October 28, 2019 By Gabriela Baczynska and John Chalmers The European Union agreed a three-month flexible delay on Monday to Britain’s exit from the bloc as Prime Minister Boris...