The insurance market could see a $200 million loss from the crash of Air India flight AI171, a data analytics firm said Monday, contributing to a hardening in the commercial aviation market.
The insurance market could see a $200 million loss from the crash of Air India flight AI171, a data analytics firm said Monday, contributing to a hardening in the commercial aviation market.
Reforms floated by the government to the U.K.'s nascent superfund regime could widen access to the new type of consolidation vehicle to around half of all defined benefit schemes, representing around £600 billion ($816 billion) of assets, a consultancy said Monday.
Insurance giant Marsh McLennan said Monday that it has launched a €1 billion ($1.16 billion) facility to support the construction of data centers across the U.K. and Europe, as governments hope to harness artificial intelligence for economic growth.
The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm.
Hymans Robertson has launched a service it said would support smaller pension schemes with around £150 million ($204 million) or less in assets as they look to offload their liabilities to insurers.
Just Group PLC said Monday that it has taken on £7 million ($9.5 million) of pension scheme liabilities of insolvent construction company The McGregor Construction (Highlands) Ltd. Pension Plan in a deal guided by CMS.
Asset manager Tikehau Capital said Monday it has launched a private equity fund, covering cybersecurity and defense, with three leading insurers, including Société Générale Assurances.
DWF LLP said Monday that Nigel Knowles will retire as its chief executive at the start of August, ending a five-year tenure as the firm prepares to enter a new phase of growth under fresh leadership.
