Gallagher Acquires Ireland’s INNOVU Group June 24, 2022 U.S. based global insurance broker Arthur J. Gallagher & Co. reports it has purchased Wexford, Ireland-based INNOVU Group Holding Co....
Argo Group Names Bradley CEO as Rehnberg Departs June 24, 2022 Thomas A. Bradley has stepped into the role of chief executive officer of Argo Group International Holdings Ltd., the Bermuda-based...
Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses June 24, 2022 By Archie Hunter, Tarso Veloso and Megan Durisin Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in...
People Moves: Ed Broking’s Baird Takes Leadership Role at Aventum; Chubb Appoints AGCS’ Nicklin as Global Client Executive for UK, Ireland June 23, 2022 This edition of International People Moves details appointments at re/insurance broker Consilium and the insurer Chubb. A summary of these...
Financial Conduct Authority Fines JLT Specialty £7.8 million June 23, 2022 The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime...
Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover June 23, 2022 Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a...
Russian Oil Tankers Get Their Safety Certification From India via Dubai Company June 23, 2022 By Nidhi Verma and Jonathan Saul India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot,...
Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions June 23, 2022 By Archie Hunter, Ben Bartenstein, Verity Ratcliffe and Isis Almeida Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them...
UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers June 23, 2022 By Huw Jones Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European...
Insurance Technology: BirdsEyeView Wins Funds for Parametric Cover; Audatex Adds Live Car Valuation Data June 22, 2022 Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the...