Argenta exits Lloyd’s China platform

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Argenta Syndicate Management Limited (ASML) has announced that it has ceased underwriting all new and renewal business relating to the Lloyd’s China platform (LICCL), putting the operation into run-off.

The UK-based Lloyd’s authorised managing agency said it will work with LICCL to continue servicing existing business, as well as to conduct the run-off in an orderly fashion.

“The decision to withdraw our support from the Lloyd’s China platform has not been taken lightly and will enable us to simplify operations and focus on the development of our London underwriting base and other international platforms,” said Andrew Annandale, managing

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Filhet-Allard Maritime takes control of Latitude Brokers

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Filhet-Allard Maritime has acquired a controlling stake in Latitude Brokers, a specialist marine broker headquartered in Hong Kong and specialising in Asian markets.

The transaction has received approval from authorities in both Hong Kong and Singapore. Filhet-Allard is a France-based insurance broker for the commodities trading, shipping and industry markets. By gaining control of Latitude, Filhet-Allard significantly expanded its overseas footprint, which include businesses in Switzerland, Turkey and Côte d’Ivoire. The acquisition connects Europe, Africa and Asia, which will provide a unique service offering to existing and future clients, Filhet-Allard said.

“The acquisition of Latitude Brokers will

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Visa deepens relationship with crypto and launches advisory service

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Visa is doubling down on it investments into crypto by launching new consulting and advisory service to help its clients navigate the world of cryptocurrencies.

Visa deepens relationship with crypto

It announced its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out crypto features to exploring non-fungible tokens.

Visa named American bank UMB as a client that’s already using its crypto advisory services.

The move marks Visa’s latest attempt to push deeper into the crypto industry. From October 1, 2020 to September 30, 2021,

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Arch, Fidelis give support to WTW climate accreditation framework

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Willis Towers Watson has announced that Arch Insurance International has committed to align capacity with, and Fidelis Insurance has endorsed, Climate Transition Pathways (CTP), an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identifying businesses with low-carbon transition plans. The announcement comes on the heels of news that Liberty Specialty Markets and SCOR had become the first group of insurers to support CTP.

CTP is designed to help organisations wishing to make the low-carbon transition by achieving accreditation. The CTP framework is consistent with the goals of the Paris Agreement, the Science

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