Argo Group International Holdings Ltd., a Bermuda-based underwriter of specialty insurance products, announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A (AGA) to Perfuturo Capital AG, a Swiss holding company. Perfuturo is fully owned by Philantra Holding AG …
LONDON/BRUSSELS – Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire. The …
MILAN – An investigation into a data theft at Leonardo has found that a hacker working inside the Italian defense group appeared to target details of Europe’s biggest unmanned fighter jet program and aircraft used by the military and police, …
Allianz SE’s real estate unit will take a majority stake in a portfolio of buildings owned by British Land Co. in London’s virus-roiled West End district. The insurance giant has agreed to pay 401 million pounds [$539 million] for a …
LONDON/BRUSSELS – The United Kingdom and the European Union have still not clinched a Brexit trade deal to avoid a turbulent split in just eight days time because of serious disagreements about competition and fishing, a British minister said on …
Power Energy Risk (PERse), the largest U.S.-based renewable energy managing general underwriter and a part of Ryan Specialty Group (RSG), has formed a strategic partnership with Generali’s P/C division Global Corporate & Commercial UK. The agreement aims at addressing renewables-related …
AXA XL has appointed Alex Barker to lead its aviation insurance business in Canada. Barker will report to Eric Donofrio, chief underwriting officer, Aerospace, Americas, and to Renato Rodrigues, country manager, Canada. Barker joins AXA XL from Marsh and MacLennan …
LONDON – Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies …
Similar to the COVID-19 pandemic, climate change ultimately will be managed by “bending the curve” of temperature rises and lowering greenhouse gas emissions, according to Rowan Douglas, Head of Climate and Resilience Hub at Willis Towers Watson. But that’s where …
JOHANNESBURG – South African insurer Guardrisk will not further challenge a court process that has found it liable to pay clients’ rejected coronavirus-related claims, it said late on Thursday. Guardrisk, the country’s fourth-largest non-life insurer, and its peers around the …