Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows February 17, 2025 By Aditya Kalra and Nikunj Ohri Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an...
Powerful Tropical Cyclone Zelia Hits Australia’s Iron Ore Hub February 14, 2025 By Renju Jose and Christine Chen Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron...
Sompo Holdings Restructures Business Into 2 Global Segments February 14, 2025 Sompo Holdings Inc., the Tokyo-based insurance holding company, announced it is restructuring its business into two global segments: Sompo Property...
Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984 February 14, 2025 Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984,...
Markets/Coverages: Mosaic Launches Combined General, Environmental Liability Cover February 14, 2025 Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution...
Mexico’s Sheinbaum Threatens to Sue Google Over ‘Gulf of America’ Maps Change February 14, 2025 By Amy Stillman Mexico President Claudia Sheinbaum threatened a civil lawsuit against Google for renaming the Gulf of Mexico to Gulf of America...
Viewpoint: The Recipe for Building a Successful MGA February 14, 2025 By Charles Rowley and Kaj Pankhania The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to...
People Moves: BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C; MGA DUAL UK Makes 3 Senior Appointments in Underwriting and Distribution February 13, 2025 This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A...
EU to Propose New 2040 Climate Target for Emissions by End-March February 13, 2025 The European Commission will propose a new climate target this quarter, to slash Europe’s emissions by 2040, it said on...
Australia’s Iron Ore Hub Faces Strongest Cyclone Since 2007 February 13, 2025 By Mary Hui and Katharine Gemmell Australia’s iron ore hub is bracing for the strongest cyclone to hit the region since at least 2007, threatening port...