Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International March 9, 2021 DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG...
Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next March 9, 2021 By Lucca de Paoli Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday,...
Chubb Names Kelaher as Country President for Australia and New Zealand March 9, 2021 Chubb announced it has appointed Peter Kelaher as country president for Australia and New Zealand. In his new role, Kelaher,...
Australia’s Largest P/C Insurer Says It Has No Net Exposure to Greensill Capital March 9, 2021 Insurance Australia Group, the country’s largest general [P/C] insurer, said on Tuesday it had no net exposure to supply chain...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership March 9, 2021 Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing...
Greensill Files for UK Insolvency After Losing Insurance for Debt Repackaging Business March 8, 2021 LONDON – Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said...
Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE March 8, 2021 Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building...
Sinkholes Emerge After Croatia’s Deadly Earthquake in December March 8, 2021 By Darko Bandic MECENCANI, Croatia – After the deadly earthquake came the sinkholes. A central Croatian region about 40 kilometers (25 miles) southwest...
Howden Broking Buys Independent Superyacht Broker Sturge Taylor March 8, 2021 Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will...
Credit Suisse Knew Frozen Greensill Funds’ Insurance Cover Relied on One Insurer: Report March 8, 2021 By Lucca de Paoli, Luca Casiraghi and Donal Griffin Long before Credit Suisse Group AG was forced to wind down a $10 billion group of funds it ran with...