News Archives - Insurance Journal

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12 07, 2023

People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance

By | July 12th, 2023|Uncategorized|Comments Off on People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance

This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows here. Aon Names UK Leaders for Reinsurance Solutions Insurance broker Aon plc outlined the new simplified structure of its Reinsurance …

11 07, 2023

Insurance Claims From French Riots Rise to $716 Million

By | July 11th, 2023|Uncategorized|Comments Off on Insurance Claims From French Riots Rise to $716 Million

Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled compared …

11 07, 2023

UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London

By | July 11th, 2023|Uncategorized|Comments Off on UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London

Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance center after Brexit, finance minister Jeremy Hunt …

11 07, 2023

What’s Next for Ant Group After its Nearly $1B Fine?

By | July 11th, 2023|Uncategorized|Comments Off on What’s Next for Ant Group After its Nearly $1B Fine?

The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regulatory crackdown on China’s broader technology sector is over. Ant’s …

11 07, 2023

Former VW Executives Ordered to Testify in Investor Lawsuit

By | July 11th, 2023|Uncategorized|Comments Off on Former VW Executives Ordered to Testify in Investor Lawsuit

A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the the so-called defeat device used in …

11 07, 2023

1 Dead, 15 Injured After SUV Traveling Wrong Way Collides With Bus in Chicago

By | July 11th, 2023|Uncategorized|Comments Off on 1 Dead, 15 Injured After SUV Traveling Wrong Way Collides With Bus in Chicago

CHICAGO (AP) – An SUV traveling the wrong way along a Chicago lakefront road collided with a city bus Sunday morning, killing one of the SUV`s passengers and injuring 15 other people, authorities said. A man was driving a Dodge …

11 07, 2023

Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec

By | July 11th, 2023|Uncategorized|Comments Off on Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers can receive highly streamlined quotes for small businesses to large enterprises, …

11 07, 2023

Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer

By | July 11th, 2023|Uncategorized|Comments Off on Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer

Indonesia’s coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, and vowed to toughen maritime patrols. The MT Arman 114 was carrying 272,569 metric tons of light crude oil, …

11 07, 2023

Contrade Insurance Group Announces Kansas Acquisitions

By | July 11th, 2023|Uncategorized|Comments Off on Contrade Insurance Group Announces Kansas Acquisitions

Newton, Kansas-based Conrade Insurance Group (CIG) announces three business acquisitions that have taken place in the first half of 2023, moves the company said expand the firm’s capabilities and strengthen their commitment to client service excellence. In January, Wichita-based The …

11 07, 2023

People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire

By | July 11th, 2023|Uncategorized|Comments Off on People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire

This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller. A summary of these new hires follows here. Allianz Commercial Taps AIG’s Sandric as Leader Asia Region Allianz Commercial announced that Christian Sandric has been …