People Moves: Aon Promotes Goosen as Head of Professional Services, London Global Broking Centre; Mason Named Chief Exec of London’s Electronic Trading Platform PPL February 22, 2024 This edition of International People Moves details appointments at Aon and the London market’s electronic trading platform, PPL. A summary...
Australian Iron Ore Port Starts Clearing Ships Ahead of Cyclone February 22, 2024 By Ben Sharples A major port on Australia’s west coast used by Rio Tinto Group to export iron ore has started clearing ships...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16% February 22, 2024 By Mathieu Rosemain France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing...
China Cargo Ship Smashes Through Bridge Sending Vehicles Into River: Reports February 22, 2024 By Bloomberg News A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died...
Slumping EV Prices Force Carmakers to Repay Leasing Firms February 22, 2024 By Elisabeth Behrmann and Wilfried Eckl-Dorna Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...
People Moves: Markel Names Costello as Head of Hull and War; IQUW Strengthens Property Team With 3 Senior Appointments February 21, 2024 This edition of International People Moves details appointments at the insurer Markel and the specialty re/insurer IQUW. A summary of...
Aon-NFP Deal Clears Antitrust Hurdle February 21, 2024 Aon’s proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition...
Beazley Creates Cyber Risk Management Company February 21, 2024 Beazley, the London-based specialty insurer, announced the creation of an integrated cyber risk management company, Beazley Security, formed from the...
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best February 21, 2024 By L.S. Howard Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with...