UK Broker Specialist Risk Group Lures Team of 16 from AFL, Led by Ex-AFL CEO Bines March 19, 2021 Specialist Risk Group, a London-based insurance broker, have hired a team of 16 from AFL Insurance Brokers, led by Jonathan...
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims March 19, 2021 By Paulina Duran SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over...
Tokio Marine Faces Larger-Than-Expected Exposure to Greensill Capital Meltdown March 19, 2021 By Patrick Winters and Taiga Uranaka Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended...
Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg March 18, 2021 By Ed Hammond Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in...
South Korea Defends Mandatory COVID Testing of Foreign Workers March 18, 2021 By Sangmi Cha and Josh Smith SEOUL- Authorities in the South Korean capital defended on Thursday a decision to order coronavirus tests for all foreign workers...
Britain Says Financial Services Agreement With EU Should Come Soon March 18, 2021 By Huw Jones Britain expects to seal a financial services cooperation pact with the European Union shortly, a senior finance ministry official told...
Munich Re’s Transportation, Logistics Specialty Broker Roanoke Expands to Canada March 18, 2021 Roanoke Insurance Group is expanding to Canada to provide insurance and surety bonds to companies involved in logistics, transportation and...
EU Threatens to Ban COVID Vaccine Exports to Britain March 18, 2021 By Gabriela Baczynska, Philip Blenkinsop and Sabine Siebold BRUSSELS – The European Union threatened on Wednesday to ban exports of COVID-19 vaccines to Britain to safeguard scarce doses...
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains March 18, 2021 By Mahesh Mistry and Maura McGuigan Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting...
Britain Targets Big 4 Auditors, Company Directors With Reform Proposals March 18, 2021 By Huw Jones Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud...