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Category: Insurance Journal

Ex-Cardinal Cites Dementia In Asking Court to Dismiss Sex Assault Case
Insurance Journal | March 2, 2023
Ex-Cardinal Cites Dementia In Asking Court to Dismiss Sex Assault Case
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 …
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
Insurance Journal | March 2, 2023
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
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 …
Russia Accuses West of ‘Shamelessly Burying’ Black Sea Grain Deal
Insurance Journal | March 2, 2023
Russia Accuses West of ‘Shamelessly Burying’ Black Sea Grain Deal
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 …
Thousands of Michigan Residents Without Power After Back-to-Back Ice Storms
Insurance Journal | March 2, 2023
Thousands of Michigan Residents Without Power After Back-to-Back Ice Storms
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 …
Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO
Insurance Journal | March 2, 2023
Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO
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 …
People Moves: Ashley Promoted to Division President of Chubb Tempest Re Int’l; Argenta Taps TMK’s Groves as Head of Cyber; Mosaic Hires Chief People Officer
Insurance Journal | March 2, 2023
People Moves: Ashley Promoted to Division President of Chubb Tempest Re Int’l; Argenta Taps TMK’s Groves as Head of Cyber; Mosaic Hires Chief People Officer
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 …
China Eases Deadline Pressure for Multinationals’ Compliance With Data Security Rules
Insurance Journal | March 2, 2023
China Eases Deadline Pressure for Multinationals’ Compliance With Data Security Rules
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 …
Oklahoma Captive Program Grows 15% in 2022
Insurance Journal | March 2, 2023
Oklahoma Captive Program Grows 15% in 2022
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 …
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case
Insurance Journal | March 2, 2023
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case
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 …
Britain Will Seek to Reset Relations Between City of London and EU
Insurance Journal | March 2, 2023
Britain Will Seek to Reset Relations Between City of London and EU
Britain will seek to reset relations between the City of London and the European Union on Thursday, saying it will stick to high standards in finance and not do anything to undermine financial stability in the bloc in the wake …