India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources February 18, 2022 By Scott Murdoch, Aftab Ahmed and Nupur Anand A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at...
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks February 18, 2022 By Nichola Saminather Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and...
Update: Devastating Mudslides, Floods Bring Rising Death Toll in Brazil February 18, 2022 By Mauricio Savarese and Mario Lobao PETROPOLIS, Brazil (AP) – Rio de Janeiro state’s government has confirmed 105 deaths from floods and mudslides that swept away...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...
UK Braces for ‘Storm Eunice’ and Hurricane-Strength Gusts on Friday February 17, 2022 By Rachel Morison and Brian K. Sullivan Britain’s Met Office issued a rare red weather warning for parts of the UK, saying hurricane-strength gusts of 90 miles...
Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine February 17, 2022 Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based...
HDI Global Restructures Asia-Pacific Operations, Simplifying Reporting Structures February 17, 2022 Industrial insurer HDI Global SE has restructured its Asia Pacific operations in a move designed to simplify reporting structures in...
Canadian Pension Fund CDPQ to Buy Stake in Cyber-Security Firm ESentire: Sources February 17, 2022 By Liana Baker ESentire Inc., a cyber-security company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake...
People Moves: BHSI Promotes Alder-Smurthwaite, Emson for UK Casualty; Marsh Names Faull Head of Climate & Sustainability Risk; MS Amlin Appoints 4 for Risk Team February 17, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Marsh and MS Amlin Underwriting Ltd....
French Insurer CNP to Stop Financing New Oil/Gas Projects to Help Limit Global Warming February 17, 2022 By Simon Jessop France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning...