UK Regulators Urged to Help Keep London Competitive, Using New Post-Brexit Remit June 30, 2023 By Huw Jones Britain’s regulators must push ahead with applying their new post-Brexit remit to help keep the country’s financial sector globally competitive,...
Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source June 30, 2023 By Emilio Parodi Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a...
Fidelis Insurance Valued at $1.5 Billion in Lukewarm Market Debut June 30, 2023 By Jaiveer Shekhawat and Echo Wang Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4% on debut....
WHO Cancer Research Arm to Say Aspartame Sweetener a Possible Carcinogen: Sources June 30, 2023 By Jennifer Rigby and Richa Naidu One of the world’s most common artificial sweeteners is set to be declared a possible carcinogen next month by a...
French, UK Cyber Watchdogs Say Hackers-for-Hire Are Targeting Law Firms June 30, 2023 By Raphael Satter Mercenary hackers increasingly are targeting law firms in a bid to steal data that could tip the balance in legal...
People Moves: Marsh Names Butler as UK Cyber Leader; Chubb Appoints O’Donnell COO, Global Reins.; Everest Insurance Taps Marsh McLennan’s Leney to Lead APAC June 29, 2023 This edition of International People Moves details appointments at Marsh, Chubb and Everest Insurance. A summary of these new hires...
Britain and EU Sign Post-Brexit Cooperation Pact in Financial Services June 29, 2023 By Huw Jones Britain and the European Union signed a long-delayed post-Brexit cooperation pact in financial services on Tuesday, but the rapprochement is...
HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round June 29, 2023 By Ka Ho Cheuk OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia...
European Energy Developers Play Down Siemens Gamesa’s Wind Turbine Troubles June 29, 2023 Major wind power developers including Iberdrola, RWE, EDP Renovaveis and Orsted played down the impact of potential problems with Siemens...
Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024 June 29, 2023 By Susanne Sclafane Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed,...