Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh February 2, 2022 By L.S. Howard Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in...
UK Banks Face Surge in Equal Pay Claims After Landmark Ruling Against BNP Paribas February 2, 2022 By Jonathan Browning Stacey Macken fought more than eight years for equal pay. Her victory over BNP Paribas SA this week at a...
Viewpoint: Climate Change Litigation – Why Better Disclosure Is Vital as Cases Rise February 2, 2022 By Thomas Englerth With the effects of climate change becoming more palpable, a rise in climate litigation cases could have significant financial and...
Toyota Settles Lawsuit That Blamed Employee’s Suicide on Overwork, Harassment February 2, 2022 By Yuri Kageyama TOKYO (AP) – Toyota has settled a lawsuit that blamed overwork and harassment for the suicide of one of its...
Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction; Chubb Names Houghton Head of Distrib., UK & Ireland; Marsh Hires AXA XL’s Latham to Lead ART, UK&I February 2, 2022 This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these...
Credit Suisse Faces $45.5 Million Claim in Swiss Money-Laundering Trial February 2, 2022 Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial...
Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round February 1, 2022 By Carolina Millan Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The...
MGA Aqueous Secures New Professional Indemnity Capacity From Great American Int’l February 1, 2022 Aqueous Underwriting has secured increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in...
Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate February 1, 2022 Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish...
Arthur J. Gallagher & Co. Acquires UK Broker Devitt Insurance Services Ltd. February 1, 2022 Arthur J. Gallagher & Co. announced the acquisition of Romford, Essex-based Devitt Insurance Services Ltd. in the United Kingdom. Terms...