The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers increasingly rely on this offshore sector. Funded reinsurers help insurers manage the …
Tiny white plastic pellets are washing ashore in Spain’s northwestern coast by the millions, with hundreds of volunteers leading the clean up as authorities struggle to coordinate and companies decline any responsibility. A tanker ship lost six containers off the …
A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and psychological health. Ian Dodd, a 55-year-old former …
Australians bracing for a return of scorching heat and wildfires are instead battling a prolonged deluge of rain across the country’s east that’s inundated homes and damaged crops from sugar to wheat. Vast areas of the country’s populous eastern states …
Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based in London. PERse International specializes in both onshore and offshore renewable …
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps Holding From Aviva to Lead UK Marine Berkshire Hathaway …
China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring the government’s increased focus on national security and data integrity. In a directive sent at the end of last year, …
Ventis, the commercial and residential real estate managing general agent that provides tailored solutions for a range of property profiles, has opened for business. Founded by Gareth Roberts, previously head of Covéa’s Mid-Market Specialist and Network division, Ventis offers an …
Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence …
War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about …
