People Moves: Chubb Promotes Walker to Head of Aerospace; Fidelis Names Stewart, Davern as Co-Deputy CUOs, Bellamy as Head of Property Reinsurance November 12, 2021 This edition of International People Moves details promotions at the insurers Chubb and Fidelis Insurance. A summary of these new...
KPMG Sued for $600M Over Role in Insolvency of Dubai Private Equity Firm Abraaj November 12, 2021 KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj...
NFP Acquires Western Canada’s Foster Park Brokers Inc. November 12, 2021 NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of...
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany November 12, 2021 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer November 12, 2021 Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI...
Chinese Insurer Ping An Plans to Sell $2.1B Stake in Autohome: Sources November 12, 2021 By Julie Zhu and Kane Wu HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
Google Data Privacy Suit Dismissed After Top UK Court Rules Against Class Action November 10, 2021 By Ellen Milligan Google won its bid to dismiss a data privacy lawsuit filed on behalf of millions of iPhone users, after the...
Lloyd’s Broker MNK Re Launches Specialty Wholesale and Retail Unit November 10, 2021 MNK Re Ltd., the London-headquartered Lloyd’s specialist broker, is launching MNK Re UK Specialty Ltd., to focus on UK wholesale...
ICEYE, McKenzie Intelligence Form Partnership Offering Enhanced Flood Hazard Analysis November 10, 2021 ICEYE, a provider of persistent monitoring with radar satellite imaging and flood hazard data, announced an agreement with McKenzie Intelligence...