Broker BMS Re Launches Operations in Brazil, Led by 2 Former Guy Carpenter Execs September 29, 2021 BMS Re, the independent specialist reinsurance broker, announced the launch of BMS Brasil Corretora de Resseguros Ltda (BMS Re Brazil),...
People Moves: Amwins Global Risks Launches Underwriting Portfolio Mgmt; AXA XL Promotes MacFarlane to Head of Climate; R&Q Names Pinkes CEO of Legacy Insurance September 29, 2021 This edition of International People Moves covers appointments at Amwins Global Risks, AXA XL and Randall & Quilter. A summary...
Italian Insurer Cattolica Says Its Board Views Generali Takeover Offer as Fair September 29, 2021 Italian insurer Cattolica said on Tuesday that its board considers that bigger rival Generali’s takeover offer for it is at...
Climate Change Ranks as Top Concern for Insurers, Replacing Pandemic September 29, 2021 By Alexandre Rajbhandari Climate change has returned to the top of the list of insurers’ biggest concerns as the vaccine roll-out and gradual...
Brit CEO Wilson on Leave of Absence for Health Reasons; Thompson Named Interim CEO September 28, 2021 Brit Ltd., the London-based insurer and subsidiary of Fairfax Financial Holdings, announced that Matthew Wilson, group CEO, will be taking...
People Moves: Mosaic Builds Out International Cyber Team; Howden Appoints 19 for Construction Division Across EMEA September 28, 2021 Mosaic Expands Cyber Team in UK Bermuda-based Mosaic Insurance has expanded its cyber-security business line internationally, with the addition of...
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion September 28, 2021 By Nabila Ahmed Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8...
Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources September 28, 2021 By Jan-Henrik Förster and Stephan Kahl Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with...
UK Accounting Firm Grant Thornton Fined for Audit of Café Chain Patisserie Valerie September 28, 2021 Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in...
Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils September 28, 2021 By Susanne Sclafane Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected...