Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story April 25, 2023 By Jonathan Stempel A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false...
People Moves: Startup Intangic MGA Names Marsh’s Durkan as Commercial Dir.; Helvetia Taps Rupprecht From NN Group as CEO; BMS Hires Ardonagh’s Leather as UK, Int’l CFO April 24, 2023 This edition of International People Moves details appointments at Intangic MGA, Helvetia Group and BMS. A summary of these new...
Fairfax Financial’s Ratings Unaffected by Move to Buy Gulf Insurance Group: DBRS April 24, 2023 Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to...
Russia’s Medvedev Says G-7 Export Ban Could Trigger Black Sea Grain Deal Exit April 24, 2023 By Bloomberg News Moscow may retaliate if Group of Seven countries proceed with a total ban on most exports to Russia by withdrawing...
Howden Builds War Chest for Investments of More Than £1B; Blanc Named Head of M&A April 24, 2023 Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with...
EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’ April 24, 2023 By Huw Jones Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate...
Generali Seeks Buyers for Tua Assicurazioni Unit April 24, 2023 By Sonia Sirletti Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival,...
Markets/Coverages: Marsh Launches Global Facility Backed by QBE for All Major Classes April 21, 2023 Insurance broker Marsh announced the launch of “Fast Track,” an insurance facility that will bring a substantial amount of additional...
Housing Market Downturn Among Top Risks to Canada’s Financial System: Regulator April 21, 2023 A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks...
Update: Major UK Companies Abandon CBI Following Second Rape Claim April 21, 2023 By Katie Linsell, Sabah Meddings, Thomas Seal and Laura Benitez A swathe of major UK companies, ranging from banks to supermarkets, have resigned from the Confederation of British Industry as...