London

Standard Chartered Settles £1.5 Billion Iranian Sanction Suit in London

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Standard Chartered Settles £1.5 Billion Iranian Sanction Suit in London

Standard Chartered Plc has settled an investor lawsuit worth £1.5 billion ($2 billion) over allegations it systematically breached sanctions against Iran to win new business. In a London Court of Appeal ruling over disclosure published on Friday, the judge acknowledged the settlement with more hundreds of investors. “After a draft of this judgment was circulated […]

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Daily Digest: SiriusPoint warns on hull pricing, Westfield launches London cyber line, Axa XL goes live on placing gateway

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ID Daily Digest Wednesday

Catch up on the essential news and analysis from the Insurance Day expert       Related Stories Topping takes the reins at BP Marsh Daily Digest: SiriusPoint warns on hull, Westfield launches London cyber, Axa XL goes live on placing gateway Westfield Specialty launches London cyber practice  

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London risks underestimating Apac cyber market: Gallagher Re

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Seoul

'There’s even more capacity in Apac than we realised before,' reinsurance broker's international cyber lead, Jen Braney, says       Related Stories Aviation overcapacity driven by ‘hope’ of market turn: Fidelis Aviation war overcapacity driven by ‘hope’ of market turn: Fidelis US property reinsurance quotes coming in 5% to 10% down: Acrisure Re's Piccione  

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London D&F market to continue downward slide as ‘discipline weakens’

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Commercial property

Terms and conditions and rate adequacy in focus as competition heats up in volatile class, market participants say       Related Stories Risk managing the UK’s failure to prevent fraud offence Swiss Re and Aviva lead fallers as insurance stocks tumble Black Sea war risk market avoids ‘knee-jerk reaction’ to renewed fighting  

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Daily Digest: London D&F market under pressure, P&I pool claims increase, Moody’s tallies SCS losses

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ID Daily Digest Monday

Catch up on the essential news and analysis from the Insurance Day experts       Related Stories Gallagher Re chairman Paddy Jago to retire European insurers face 'partly cloudy' outlook Moody’s tallies $42bn in US severe convective storm losses so far this year  

Daily Digest: London D&F market under pressure, P&I pool claims increase, Moody’s tallies SCS losses Read More »

Daily Digest: Data centre boom tests insurers, London Club hikes rates, Marine insurers and EV risks

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ID Daily Digest Wednesday

Catch up on the essential news and analysis from the Insurance Day experts       Related Stories Mapfre calls for public-private catastrophe insurance TMK names Silvestre head of cyber reinsurance solutions Aon launches transition risk framework  

Daily Digest: Data centre boom tests insurers, London Club hikes rates, Marine insurers and EV risks Read More »

Markel Int’l Promotes Davies as MD of Newly Created London Mkt Business; Lockton Re Taps Aon’s Khan as Head of Property Innovation & Solutions

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Carpenter Taps Aon’s Goodman for Newly Created Role of Chief Client & Growth Officer; Aon Promotes Anderson as Head of Professional Services

This edition of International People Moves details appointments at insurer Markel International and broker Lockton Re. A summary of these new hires follows here. Markel International Promotes Davies as MD of Newly Created London Mkt Business Markel Insurance, the insurance operation within Markel Group Inc., announced the appointment of Rohan Davies as managing director of

Markel Int’l Promotes Davies as MD of Newly Created London Mkt Business; Lockton Re Taps Aon’s Khan as Head of Property Innovation & Solutions Read More »