Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending September 14, 2023 By Huw Jones The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their...
People Moves: De Nil Named Global Head of Zurich Resilience Solutions; Miller Taps Aon’s Castanier to Develop European Leasing Practice September 13, 2023 This edition of International People Moves details appointments at Zurich Insurance and the broker Miller. A summary of these new...
Lockton Signs Strategic Partnership With Spanish Re/insurance Broker Jhasa September 13, 2023 Lockton, the world’s largest independent insurance broker, announced it has signed a long-term strategic agreement with Jhasa, a Spanish independent...
Global Companies to Increase Security Spending as Threats Rise: Survey September 13, 2023 By Kate Holton Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year...
Arthur J. Gallagher & Co. Buys Bermuda-Based Frontier Financial Services Ltd. September 13, 2023 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based brokerage, risk management and consulting services firm, announced that its captive...
Ex-Chairman of Top China Insurer Given Suspended Death Sentence September 13, 2023 By Bloomberg News China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi...
UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion September 13, 2023 By Elizabeth Howcroft Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to...
People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk September 12, 2023 This edition of International People Moves details appointments at Mosaic and Everest Reinsurance. A summary of these new hires follows...
Extreme Heat Threatens Global Fuel Security September 12, 2023 By Serene Cheong, Sharon Cho and Yongchang Chin Searing temperatures from Texas to Tokyo over the summer are the latest reminder of a growing headache for the energy...
China Relaxes Rules for Insurers to Invest in Stock Markets September 12, 2023 China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech...