Bermuda-based reinsurance company PartnerRe has announced updates within its Life leadership team, appointing Kevin O’Regan as CEO, Global Longevity, and expanding John Mok’s role to CEO, Life & Health APAC & EMELA, both effective January 1, 2025.
Agents and Brokers, Cyber Risks, Emerging Risks, P/C Insurers, Technology European Union Marsh & McLennan, Zurich
Zurich-based catastrophe insurance data provider PERILS has updated its industry loss estimate for the floods in Central Europe and Italy from September 14–20, 2024, raising the total to €2.08 billion from the initial estimate of €1.886 billion released last month.
Somerset Reinsurance, a provider of reinsurance solutions for life insurance and annuity business, has hired Thomas Porter as Chief Underwriting Officer.
Revolut has been fined €3.5 million by the central bank of Lithuania for deficiencies in its anti-money laundering controls.
Europe’s largest ticketing provider, CTS Eventim, has become the first major e-commerce company in Germany to integrate the Wero wallet from the bank-backed European Payments Initiative into its online shop.
Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.
Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA.
It is estimated that over the next 15 years, $93 trillion of investment will be required to build a low-carbon infrastructure across the world. This is an eye-watering sum, given that the CIA estimates the entire total of money currently in existence to be $80 trillion.
The UK’s banks will have to provide transparent data on how well they are protecting customers against authorised push payment fraud, under new rules drawn up by the Payment Systems Regulator.
Aviation, P/C Insurers Russia AIG, Lloyd’s of London
SameDay Auto Finance is working with a third-party provider to ensure compliance when force-placing insurance, in part to improve communication…
Parsyl, the supply chain insurer, has more than doubled its Essential Consortium to $55 million in capacity, ultimately making it one of the largest cargo only consortiums at Lloyd’s for perishable commodities.