North America
-
Insurers concerned over Canadian regulator’s reinsurance guidelines
The Global Federation of Insurance Associations (GFIA) is concerned about draft guidelines from the Canadian regulator that could restrict the…
-
Double triggers and risk pools central to innovative pandemic covers
South Africa’s experience with non-physical damage business interruption (BI) claims following the 2020/2021 Covid-19 pandemic illustrates the devastating economic impact…
-
Optimism mounts for passage of federal US cannabis insurance bill
Legislation introduced in US Congress earlier this month to allow insurers to cover cannabis businesses in many states without the…
-
Allianz to acquire Aviva Poland for €2.5bn
Allianz is to acquire Aviva Poland in a deal worth €2.5bn, making Allianz the fifth-largest insurer in Poland and consolidating…
-
Allianz continues pan-European expansion plan with acquisition of Aviva Italia
German insurance group Allianz has signalled its intent to remain a serious player in the Italian insurance market through its…
-
Canadian insurance law firm Alexander Holburn joins Legalign Global
Legalign Global has strengthened its network with the addition of Canadian law firm Alexander Holburn (AHBL). Legalign Global is a…
-
Lloyd’s should cease cover for Bahamas oil drilling project, says campaign group
A climate action campaign group has called on Lloyd’s to stop insuring a new project by the Bahamas Petroleum Company,…
-
Investment firm BC Partners takes majority stake in Davies
Professional services and technology business Davies has announced a major new investment in the firm. Funds advised by investment firm…
-
Marsh highlights transactional risk insurance growth in the US and Canada in 2020
Merger and acquisition (M&A) deal volume soared to record highs in the second half of the year, prompting growth of…
-
Claims and loss prevention in sharp focus for marine community during pandemic
Despite the interruption of global trade brought about by Covid-19, the international maritime sector has experienced a worrying level of…
-
Marsh appoints Barnes head of sustainability and climate change strategy
Marsh has appointed Amy Barnes to the newly created role of head of sustainability and climate change strategy, to help…
-
Post-Brexit insurance agreements could take years, warn lawyers
A future trade agreement on financial services and regulatory equivalence to remove new barriers to cross-border insurance between London’s insurance…
-
Covid-19 drives spike in resource nationalism
Some 34 countries have recorded an increase in resource nationalism risk during the past year driven by Covid-19, and things…
-
SiriusPoint launches into harsh market with $3bn of fresh capital
European risk and insurance managers will welcome news of the formal launch of SiriusPoint, a new Bermuda-based international specialty insurance…
-
RSA’s underwriting profit jumps as it posts 91.1% CR
RSA significantly increased both underwriting and underlying profit last year on the back of an impressive 91.1% combined ratio. The…
-
New specialist London market broker Fenchurch and Partners launches
Fenchurch and Partners, a new specialist broker with a focus on US, Canadian, and European P&C lines, including catastrophe property,…
-
Maxis GBN appoints Americas regional director
Paul Lewis has been promoted to the role of regional director – Americas for Maxis Global Benefits Network (Maxis GBN).…
-
Aviva France sold to mutual Aéma Groupe for €3.2bn
Aviva has agreed to sell its French unit Aviva France to mutual insurer Aéma Groupe for €3.2bn. The acquisition, which…
-
EC confirms UK data adequacy but will review in 2025
The European Commission (EC) has said the UK’s data protection laws are strong enough to allow for the free flow…
-
EU holding UK to higher standards on equivalence, says BoE’s Andrew Bailey
The EU is holding the UK to higher standards than other third countries before granting financial services equivalence, according to…