Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board November 8, 2019 Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1,...
Aon’s Turner Appointed Chairman of Ed Bermuda November 7, 2019 Ed, the reinsurance, wholesale and specialty broker, announced it has appointed John Turner as chairman of Ed Bermuda. In this...
Aviva U.K. Unit Dismisses Fears that ESG Investing Hampers Financial Returns November 7, 2019 By Alice Gledhill A major U.K. institutional investor has dismissed a commonly-held fear of ESG investing — that it hampers financial returns. Aviva...
Legacy Specialist Compre Buys 2nd Portfolio from Belgium’s AG Insurance November 7, 2019 Compre, the London-based independent re/insurance legacy specialist, announced it has signed agreements to transfer an inwards reinsurance portfolio from AG...
French Search Teams Find Fragments of Airbus Engine that Exploded in Flight November 7, 2019 French volunteer search teams have found fragments from an engine that exploded in mid-air over eastern France in July, officials...
China Pacific Eyes Swiss Re Stake but Real Target Might Be London Listing: Opinion November 7, 2019 By Nisha Gopalan, Bloomberg Opinion It’s a deal linking Shanghai and Zurich, but the real target looks to be London. China Pacific Insurance (Group) Co....
The Aral Sea Is Dying — A Victim of Environmental Malpractice November 7, 2019 By Eric Roston The Aral Sea was once the world’s fourth largest inland lake. Today, it’s the epitome of environmental malpractice. More than...
EU Weighs Stress Tests to Improve Financial Firms’ Buffers Against Climate Risks November 7, 2019 The European Commission is considering stress tests and measures to force financial firms to raise their buffers against climate-change risks,...
U.S. Targets Sanction-Evading Shipping Firms, Enlists Help from Insurers, Banks November 6, 2019 By Jonathan Saul The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product November 6, 2019 Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency...