Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market March 7, 2023 Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon...
Head of UK Employer Group CBI Steps Aside Over Allegations March 7, 2023 The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body...
Markets/Coverages: Verlingue Launches Dedicated Media Practice in UK March 7, 2023 Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in...
Climate Change to Cost Germany Up to €900B by 2050: Study March 7, 2023 Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage...
Ukraine Holds Online Talks With Partners on Grain Export Deal Extension: Source March 7, 2023 By Pavel Polityuk Ukraine has started online talks with partners on extending the Black Sea Grain Initiative aimed at ensuring Kyiv can keep...
Update: China to Launch National Financial Regulator in Major Supervisory Overhaul March 7, 2023 China will set up a new financial regulatory body consolidating oversight, which analysts said was aimed at closing loopholes with...
BOE’s Bailey Says UK’s Reforms of Insurance Capital Rules Increase Failure Risk by 20% March 7, 2023 By Tom Metcalf The governor of the Bank of England has told lawmakers that the UK government’s plans to reform insurance capital rules...
FTX’s Crash Exposes Insurance Black Hole That Risks Impeding Crypto Sector Recovery March 7, 2023 By Sidhartha Shukla A long road lies ahead to repair confidence in crypto after unprecedented bankruptcies and hacks, including the major challenge of...
People Moves: Aon Names Mgoqi as CEO for South Africa; Tokio Marine Kiln Appoints AIG’s Green to Head Aviation War Risks March 6, 2023 This edition of International People Moves details appointments at Aon and Tokio Marine Kiln. A summary of these new hires...
Arthur J. Gallagher & Co. Acquires UK’s Bay Risk Services From Optio March 6, 2023 Arthur J. Gallagher & Co. announced its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay...