International
Climate Stress Test for Insurers and Banks Debuts at Bank of England
The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...
Allianz, UBS, Generali, DWS Submit Bids for NN Group’s Asset Manager
DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids for the asset management arm of NN Group NV, people familiar with the matter said. The unit, known as NN ...
‘We Cannot Postpone Again,’ Says Tokyo Olympic Games Boss
TOKYO – The head of Japan's Olympics organizing committee ruled out on Thursday another suspension of the Games, despite deep disquiet at the prospect of thousands of athletes and officials ...
Insurers Get Low Grades on Climate Change, Biodiversity Loss Action
Most of the world's largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss, but a group of five U.S. insurers are some of those that rank the ...
Introducing the World’s First ‘Fully Sustainable’ Insurer, Parhelion
Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as "the world's first fully sustainable insurer." Aiming to raise $500 million ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...
COVID Took a Big Bite From Multiline Insurers’ Earnings But Profit Remained: S&P
The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit of $36 billion, according to a report published by S&P Global ...
Executives On The Move at Hamilton, Aspen and Markel
Hamilton Insurance Group, Ltd. appointed a new Head of Allied Medical for its U.S. excess and surplus (E&S) business. Aspen Insurance Holdings Limited named a new Group Chief Actuarial Officer. ...