People Moves: Miller’s Higgins Joins New Broker Inver Re; Hartford Hires AXA XL’s Brodzinski for Global Specialty; Bayman to MS Amlin for Aviation Reinsurance July 20, 2021 This edition of International People Moves covers appointments at a new reinsurance broker, Ardonagh’s Inver Re; The Hartford’s Global Specialty...
Surplus Lines Insurers Report 21.9% Premium Hike in First Half of 2021 July 20, 2021 Surplus lines premium exceeded $24 billion and premium bearing transactions exceeded 2.6 million through the first six months of 2021,...
People Moves: Aon Cyber Appoints Bixby; Guy Carpenter Adds 2 from Willis Re, Zywave Names 3 Senior Leaders July 20, 2021 Hacking Expert Bixby Joins Aon Cyber Solutions Aon has appointed Adam Bixby as the new managing director, Proactive Security leader,...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...
U.S. Firms Operating in Hong Kong Face Risks, Warns American Chamber of Commerce July 20, 2021 By Zen Soo HONG KONG – U.S. businesses operating in Hong Kong should reassess their operations and decide if the risks of operating...
Final Settlement for Brazil’s Samarco Mining Dam Disaster Could Reach $19 Billion July 20, 2021 By Rodrigo Viga Gaier RIO DE JANEIRO – A definitive settlement with miner Samarco and owners, BHP Group and Vale SA, for the damage...
Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim July 20, 2021 By Todd Gillespie Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it...
People Moves: Island Insurance Names Kadomoto Assistant Vice President; The Liberty Company Insurance Brokers in California Names Arricale Chief Financial Officer July 20, 2021 Island Insurance Co. has promoted Denise Kadomoto to assistant vice president of accounting and finance. Kadomoto will continue to serve...
States Expected to Announce Opioid Deal With Drug Distributors, J&J: Reuters July 20, 2021 By Nate Raymond U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement...
U.S. and Allies Accuse China of Global Cyber Espionage July 20, 2021 By Doina Chiacu and Steve Holland The United States and its allies accused China on Monday of a global cyber espionage campaign, mustering an unusually broad...