Sompo International, a global provider of commercial and consumer property/casualty re/insurance, announced the expansion of its operations in Switzerland with the granting of a Swiss insurance branch license to write primary insurance by the Swiss Financial Market Supervisory Authority (FINMA), …
Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS. These higher-yielding junior bonds emerged from the …
Swiss financial regulator FINMA on Monday said it was closely monitoring the banks and insurers it oversees after the U.S. moved to guarantee the deposits of two failing lenders in an effort to stem contagion. Credit Suisse’s shares fell to …
Howden, the London-based independent insurance broker, announced the acquisition of Swiss broker Born Consulting AG. Founded in 2003 and based in Bern, Switzerland, Born Consulting is an independent insurance broker for national and international intermediaries, large companies and the public …
Swiss-based health insurance company Helsana AG came under fire this week for offering a 10% discount to members of the Pro Life Switzerland organization. Members of the Social Democratic Party of Switzerland wrote a letter to Helsana’s management urging the …
This edition of International People Moves details appointments at Lloyd’s, Chubb and Willis Towers Watson (WTW). A summary of these new hires follows here. Lloyd’s Names Chubb’s Miller as Commercial Director Lloyd’s announced the appointment of Dawn Miller as its …
ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. Angehrn will take charge at the Swiss markets authority as …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired the remaining shares of specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH from the company’s founder Guido Hesse. Financial details of the transaction …
ZURICH – Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication on disclosure. FINMA’s updated …
Howden, the London-based insurance broker, announced that it has appointed Felix Jenny to lead its new retail operation in Switzerland. Howden Switzerland will form an important part of Howden’s European business, delivering local market expertise to the group’s multinational client …
