BMS Launches Middle East Operations With Acquisition of UAE’s Berns Brett Masaood April 4, 2023 BMS, the London-based independent specialist re/insurance broker, announced it has entered into an agreement to acquire a majority share in...
Car Services Groups Warn of Unfair Competition as EU Data Plan Stalls April 4, 2023 By Foo Yun Chee Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave...
Australia Regulator Questions Benefits of ANZ’s $3.3B Suncorp Buyout April 4, 2023 By Scott Murdoch and Byron Kaye Australia’s competition regulator said it was unconvinced a planned A$4.9 billion ($3.32 billion) buyout by Australia and New Zealand Banking...
German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline April 4, 2023 By Jonathan Saul, Carolyn Cohn, Christoph Steitz and John O'Donnell German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources...
Gallagher’s Pen Enters Specialist Marine Market With Purchase of Tay River Holdings April 3, 2023 Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced it has acquired Tay River Holdings Ltd.,...
Australia Contractor Downer Faces Class Action Lawsuit for Misreporting on Contract April 3, 2023 Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain...
People Moves: Chubb Names Chasseguet as Country President, France; MGA Pen Taps Gallaghers’ Alsegard as Head of IP; McLarens Appoints 5 for Mideast Team April 3, 2023 This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary...
Leading Investor Group NZAOA Toughens Stance on New Upstream Oil & Gas Projects April 3, 2023 The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct...
MS Amlin’s Long-Term Issuer Credit Rating Downgraded by AM Best April 3, 2023 AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the...
UN Maritime Agency Raises Safety Concerns About Shadow Oil Tanker Fleet April 3, 2023 By Alaric Nightingale and Thomas Gualtieri A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport...