UK Competition Regulator Ends Probe Into Gallagher’s Planned Purchase of Willis Re November 22, 2021 Britain’s competition watchdog said on Monday it will not refer insurance broker Arthur J Gallagher & Co’s planned $3.25 billion...
People Moves: Hiscox Hires Starr’s Buchanan as Casualty Dir.; Sharpe, Griffiths to Inver Re’s Exec Team; Plumptre, Fox Join Blenheim Underwriting’s Political Risk Team November 19, 2021 This edition of International People Moves details appointments at insurer Hiscox, the reinsurance broker Inver Re, and the Lloyd’s managing...
Brit Completes $380M Loss Portfolio Transfer With Legacy Specialist RiverStone November 19, 2021 Brit Ltd. announced it has completed a loss portfolio transfer (LPT) agreement with RiverStone International. The agreement is for predominantly...
Swiss Re and China Tech Giant Baidu Partner to Advance Autonomous Driving Industry November 19, 2021 Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re....
Australia’s Corporate Regulator Sues MLC Life for Causing Financial Harm of $13M November 19, 2021 Australia’s corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73...
Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re November 19, 2021 TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising...
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount November 19, 2021 By Carolyn Cohn LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove...
Russia Missile Test Creates New Belt of Space Junk, Escalating Threat to Satellites November 19, 2021 By Todd Shields The Russian missile test that shattered a dead satellite this week highlights a growing threat of space debris just as...
Willis Appoints 4 Directors, Including Former Lloyd’s CEO Beale, After Activist Pressure November 18, 2021 Willis Towers Watson PLC, which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday...
People Moves: SiriusPoint Appoints Bernina Re’s Kull as CRO; Hiscox Names Breeze Interim CFO; Tysers’ Simpson Leads BMS’ Terrorism, Political Violence Team November 18, 2021 This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer Hiscox and broker BMS. A summary of these...