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Category: Insurance Journal

Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk
Insurance Journal | March 10, 2023
Turkey’s Southeast Exodus After Deadly Earthquake Puts Manufacturing at Risk
Mehmet Alkan, a shoe-sole manufacturer in Turkey’s earthquake-hit south, doesn’t know what will become of his company after some of his 220 employees died and half fled, reflecting the difficult transformation ahead for industry in the region. Forty of his …
Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore
Insurance Journal | March 10, 2023
Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore
Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore. With the Asian market presenting extensive opportunities, Asta has launched a service company that will enable clients easily …
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Insurance Journal | March 10, 2023
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty (AGCS) business, serving large corporate clients, and the insurance businesses …
China’s Financial Regulatory Revamp Raises Hope, but Some Concerns
Insurance Journal | March 10, 2023
China’s Financial Regulatory Revamp Raises Hope, but Some Concerns
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention. In a major shake-up, China will set up the …
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Insurance Journal | March 10, 2023
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s technology and data for Apollo’s underwriting and portfolio management. Praedicat’s CoMeta™ platform creates underwriting …
UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas
Insurance Journal | March 10, 2023
UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas
Seven of the UK’s 10 largest listed companies have failed to comply with the FCA’s new gender-diversity quotas, a reminder of the scale of the challenge facing businesses as they look to improve diversity in their upper ranks. AstraZeneca Plc, …
European Central Bank to Test Cyber Resilience of Banks
Insurance Journal | March 10, 2023
European Central Bank to Test Cyber Resilience of Banks
The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria told a Lithuanian newspaper. “Next year we …
Viewpoint: Stronger Building Standards Must Be the Norm
Insurance Journal | March 10, 2023
Viewpoint: Stronger Building Standards Must Be the Norm
Regardless of where you call home, we all face growing risk of damage related to extreme weather. Hurricanes, wildfires, winter storms, tornadoes and hail pose increased risk for homes, businesses and communities across the country. According to the National Oceanic …
JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit
Insurance Journal | March 10, 2023
JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit
A U.S. judge on Thursday ordered JPMorgan Chase & Co. to hand over more documents concerning Chief Executive Jamie Dimon to the U.S. Virgin Islands for the territory’s lawsuit accusing the bank of aiding in Jeffrey Epstein’s sex trafficking. U.S. …
Georgia Insulation Maker Fined $432,400 After Worker’s Head Injury
Insurance Journal | March 10, 2023
Georgia Insulation Maker Fined $432,400 After Worker’s Head Injury
The U.S. Occupational Health and Safety Organization has cited a Georgia insulation manufacturer after a 21-year-old worker suffered severe head trauma when he was caught in a machine’s roller. Bonded Logic Inc., in Lafayette, Georgia, was cited for multiple willful, …