Digital Insurer Startup Wefox Seeks Funding at Over $5 Billion Value June 22, 2022 By Katie Roof, Dinesh Nair and Ivan Levingston Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to...
Acrisure Acquires UK Independent Brokerage Russell Scanlan June 22, 2022 U.S.-based insurance broker Acrisure reports that it has acquired UK independent specialty broker Russell Scanlan in Nottingham. The deal is...
EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices June 22, 2022 By Alberto Nardelli, Michael Nienaber and Ivan Levingston European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an...
Turkish Insurers Facing Severe Strain, Fitch Ratings Warns June 22, 2022 Turkish insurers are facing one of their most challenging operating environments of the past decade, with earnings and capital adequacy...
Renault and Nissan Face Legal Action in France Over Engine Problem June 22, 2022 Carmaking partners Renault and Nissan face legal action in France from customers who have suffered problems with some engines made...
Broker Miller Announces Hands Will Succeed Collins as CEO; Chair Clarke to Retire June 21, 2022 Miller, the London-based independent specialist re/insurance broker, announced that James Hands will succeed Greg Collins as CEO of Miller. Collins...
People Moves: Arch Insurance Int’l Names AXA XL’s Longley as Head of Professional Indemnity; WTW Direct & Facultative Taps AGCS’ De Jager for European Property June 21, 2022 This edition of Internationl People Moves details appointments at Arch Insurance International and Willis Towers Watson (WTW). A summary of...
MGA Rokstone Launches Parametric Insurance Product for Caribbean June 21, 2022 Aura Underwriting, part of Rokstone, the Aventum Group’s global specialty re/insurance MGA, has announced the launch of Aura Parametric, a...
Flooding Inundates More of Bangladesh and India, Stranding Nearly 10M People June 21, 2022 By Ruma Paul and Zarir Hussain DHAKA/GUWAHATI, India – Floodwaters inundated more of Bangladesh and northeast India on Tuesday, officials said, as authorities struggled to reach...
‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan, Says Yellen June 21, 2022 By Christopher Condon and Danielle Bochove Treasury Secretary Janet Yellen said talks are continuing on how the US and its allies might cap the price of...