UK to establish resolution regime for insurance companies & more…Keep up with what has been happening this week in our latest insurance news round-up…
Israeli fintech Vesttoo is considering the removal of its chief executive and chief financial engineer, its board said in a statement on Thursday, following a fake collateral scandal which analysts said could impact the wider insurance market.
Move affirms insurer’s commitment to personal lines broking
The UK is pressing ahead with plans to create a resolution regime to deal with the failure of big insurance companies, saying the “swift and decisive” action to rescue Silicon Valley Bank’s UK arm in March underlined the importance of such arrangements.
The independent and family-owned insurance brokerage Verlingue has today revealed its acquisition of Gloucester-based Brunsdon Employee Benefits – an independently owned employee benefits specialist.
Aon plc, a leading global professional services firm, today named James Fogarty as global head of marine for the firm’s Reinsurance Solutions, effective immediately.