People Moves: Lloyd’s Names Hernandez Mkt. Dev. Mgr., Central America; Chaucer Taps Argenta’s Sheppard for Renewables; H.W. Kaufman Promotes Kaufman Davis April 22, 2022 This edition of International People Moves details appointments at Lloyd’s, Chaucer, and H.W. Kaufman Group. A summary of these new...
OSHA Cites Roofing Firm as ‘Severe Violator’ of Worker Safety Rules April 22, 2022 A Maine roofing and siding contractor willfully exposed its employees to fall hazards at a Hampden, Maine residential construction site...
Ending Collateral Requirements for Non-U.S. Reinsurers – It’s Been a Long Time Coming April 22, 2022 By L.S. Howard Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the...
ESG, Invasion of Ukraine Focus of Marsh McLennan Earnings Call April 22, 2022 By Chad Hemenway Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Major Generali Investor Norges Backs Reappointment of CEO Donnet April 22, 2022 Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet,...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source April 22, 2022 By Aftab Ahmed New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion),...
Auto Insurance Industry to New York: Get Rid of Photo Inspection Requirement April 22, 2022 By Andrew G. Simpson Auto insurance carriers and independent agents in New York have launched a campaign to eliminate what they say is an...
Canada’s Housing Downturn Among Biggest Financial System Risks, Regulator Warns April 22, 2022 By Nichola Saminather A housing market downturn in Canada is among the biggest risks facing the financial system this year, the country’s financial...
UK Seizes Funds Linked to $150M Fraud From Fintech Firm QPay April 22, 2022 By Jonathan Browning The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to...