Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator has concluded as it closed its probe against the bank. The Swiss bank was ordered to take remedial measures by …
The state of Oklahoma added 11 new captive insurance companies in 2022 and has already issued three additional captive insurer licenses in 2023, according to the Oklahoma Insurance Department (OID). Oklahoma also reported four captive dissolutions in 2022. The state …
Chinese regulators have eased some deadline pressure on multinational companies struggling to comply with new rules requiring them to seek approval to export user data, according to lawyers advising clients on the matter. In theory, global companies operating in China …
This edition of International People Moves details appointments at Chubb Tempest Re, Argenta Syndicate Management Ltd., and Mosaic Insurance. A summary of these new hires follows here. Ashley Promoted to Division President of Chubb Tempest Re Int’l, Succeeding Roberts Chubb …
F88 Investment JSC, a financial services firm, has raised at least $47 million from Vietnam-Oman Investment Fund, or VOI, and Mekong Capital Fund IV, to fuel expansions of its distribution network and digital business ahead of a planned initial public …
The power in Leah Thomas’ Beverly Hills, Michigan, home went out about 9 p.m. last Wednesday. It was back on Sunday evening but was lost again the next day. And like thousands of Michigan residents left in the dark following …
Russian Foreign Minister Sergei Lavrov on Thursday accused the West of “shamelessly burying” the Black Sea grain initiative that facilitates the export of Ukraine’s agricultural products from its southern ports, the RIA Novosti news agency reported. While remaining in the …
Fidelis Insurance Holdings Ltd. announced it has submitted a draft registration statement on with the Securities and Exchange Commission, relating to a proposed initial public offering of its common shares. The number of common shares to be offered and the …
Lawyers for former Roman Catholic Cardinal Theodore McCarrick filed a motion this week to dismiss a case charging him with sexually assaulting a boy decades ago, saying the 92-year-old once-powerful American prelate has dementia and is not competent to stand …
Howden, the international insurance broker, announced an agreement to acquire Franz Gossler Insurance Group, one of the leading insurance brokers focusing on film and entertainment insurance in Germany and beyond. The transaction has been executed by Howden Germany’s specialty broker …