China Enlists Commercial Insurers in Bid to Boost Local Biotechs July 1, 2025 By Bloomberg News China wants commercial insurance firms to invest in the development of homegrown medicines, Beijing’s latest bid to support its burgeoning...
Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod July 1, 2025 By Hugo Miller Aviva Plc’s plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($5.09 billion) to create the UK’s...
Lloyd’s Applauds Removal of Section 899 Tax Measure From ‘One Big Beautiful Bill’ June 30, 2025 By L.S. Howard Lloyd’s has issued a statement applauding the removal of Section 899 from the Republican’s reconciliation bill, which could have led...
G7 Agrees to Avoid Higher Taxes for US and UK Companies June 30, 2025 By Harshita Meenaktshi, Bipasha Dey and Promit Mukherjee The United States and the Group of Seven nations have agreed to support a proposal that would exempt U.S. companies...
‘Generali’ Sign Atop Insurer’s Skyscraper Offices Collapses in Milan June 30, 2025 By Sara Rossi and Elvira Pollina One of the giant Generali signs that crown the Italian insurer’s head offices in Milan collapsed on Monday, remaining atop...
People Moves: Liberty Specialty Markets Taps CNA Hardy’s Butt as UK Head of Casualty Claims; SiriusPoint Names Pryde From Catalina Re as Group Chief Risk Officer June 30, 2025 This edition of Interntional People Moves details appointments at Liberty Specialty Markets and SiriusPoint. A summary of these new hires...
Markets/Coverages: AEGIS London Raises Line Sizes for Political, Financial Risk Cover June 30, 2025 AEGIS London, a top quartile Lloyd’s syndicate, has announced significant enhancements to its political and financial risk (PFR) offering. The...
Executives Get Combined 141 Years in Prison for Italy PFAS Spill June 30, 2025 By Reina Sasaki and Daniele Lepido Eleven former executives of companies linked to Miteni SpA were sentenced to a combined 141 years in prison by an...
Hedge Fund Strategy Built on Catastrophes Taps a Hot New Trend – Parametrics June 30, 2025 By Gautam Naik One of the most successful hedge fund strategies of recent years — insurance-linked securities — is latching on to an...
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time June 30, 2025 By Jackie Davalos and Brody Ford PricewaterhouseCoopers LLP, one of the world’s largest professional advisory firms, has cut prices for some services as clients raised the...