Intermediaries

Insurance brokers Aon and Willis drop $30 bn merger move, Aon to pay $1 billion termination fee to Willis

International News       Jul 25, 2021

  DUBLIN, July 26: Aon plc and Willis Towers Watson announced today that the firms have agreed to terminate their proposed $30 billion merger proposal and end litigation with the U.S. Department of Justice (DOJ). In connection with the termination of the business combination agreement, Aon...

U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger

International News       Jul 22, 2021

  NEW YORK: - A federal judge has narrowed the scope of a U.S. Department of Justice lawsuit blocking the proposed $30 billion merger of insurance brokers Aon PLC  and Willis Towers Watson PLC, allowing the companies to finalize remedies for three of five issues raised...

Policybazzar to float Rs 6,500 crore IPO soon

Indian News       Jul 21, 2021

  New Delhi: The Softbank-backed Insurance aggregator turned broker Policybazzar is planning to raise Rs 6,500 crore via an initial public offering (IPO), . PB Fintech, the parent company of Policybazaar in a regulatory filing approved a resolution to raise the Rs 6,500 crore  via fresh...

AXA XL appoints Sylvie Gleises as Country Manager, Singapore

International News       Jul 15, 2021

  Singapore: AXA XL Insurance today announced the appointment of Sylvie Gleises as Country Manager, Singapore effective September 1st, 2021, subject to regulatory approval. Ms. Gleises, today Global Head of Revenue Synergies and Head of Client Management for APAC & Europe, will in her new role,...

 Marine, aviation and transit insurance in Asia-Pacific to reach US$14.5bn by 2025, forecasts GlobalData

International News       Jul 14, 2021

  Singapore: The marine, aviation and transit (MAT) insurance industry in Asia-Pacific is projected to grow from US$11.2bn in 2019 to US$14.5bn in 2025, in terms of written premiums, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Marine, Aviation and Transit...

Covid-19 Risks: Cyber-attacks and Data loss top concerns facing Directors & Officers: Report

International News       Jul 13, 2021

  London: Cyber-attacks and data loss are the top risks facing Directors & Officers (D&Os), with the pandemic serving to heighten the concerns, according to a global survey from Willis Towers Watson and Clyde & Co, a leading global law firm. The survey, covering UK, Europe,...

Miller &Guy Carpenter announce new appointments 

International News       Jul 09, 2021

  London/New York: Miller, a leading independent specialist (re)insurance broker, is pleased to announce the appointment of marine business development specialist, Seema Pandey. Seema brings over 16 years of industry experience to Miller, joining from Mar Risk Services where she most recently led its marine team...

Covid-19: IRDAI penalises Salasar Services Insurance Brokers Rs 8 lakh for misleading its customers on BI claims

Indian News       Jul 05, 2021

  Hyderabad: The insurance regulator IRDAI has imposed a fine of Rs 8 lakhs against Kolkata based Salasar Services Insurance Brokers for misleading its customers on business interruption(BI) claims during Covid-19 pandemic period.   According to the IRDAI, the broker had issued information brochure advising their clients...

Cyber reinsurance jump 40 % in July renewals -Willis Re

International News       Jul 01, 2021

  LONDON: Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware attack on Colonial Pipeline in May shut the largest fuel pipeline network...

Howden Australia appoints Matt Bacon as CEO

International News       Jun 22, 2021

  Sydney: - Howden, the international insurance broker, today announced the appointment of Matt Bacon as CEO, Howden Australia, one of the newest entrants to the Australian broker market. Matt joins alongside Stuart McKellar, appointed Head of Commercial & Affinity, and Nick Chubb, who has been...

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