G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules? September 12, 2022 By Timothy Gardner The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s...
People Moves: Everest Re Taps Nationwide’s Rudow as Head of Cyber Reinsurance; BMS Re Names McDowell as Bermuda CEO, Binetti as Head of Casualty Treaty September 12, 2022 This edition of International People Moves details appointments at Everest Reinsurance and BMS Re. A summary of these new hires...
Lockton Re Forms Capital Markets Unit September 12, 2022 Lockton Re, the global reinsurance business of independent insurance broker Lockton, has formed Lockton Re Capital Markets (LRCM), designed to...
MS Amlin AG to Rebrand as ‘MS Reinsurance’ September 12, 2022 MS Amlin AG announced it would rebrand this month to MS Reinsurance, which is a reflexion of parent company MS&AD’s...
Autonomous Cars May Always Need Remote Human Supervisors, Experts Say September 12, 2022 By Nick Carey and Paul Lienert MILTON KEYNES, England — Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop...
Gallagher Re Launches Academic Research Center September 12, 2022 Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global...
Typhoon Muifa Takes Aim at Asia’s Largest Port of Shanghai September 12, 2022 By Kevin Varley Asia’s largest container shipping hub may face another major storm as Typhoon Muifa bears down on Shanghai and nearby Ningbo....
UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation September 9, 2022 By Kitty Donaldson and Emily Ashton Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic...
Underwriting No Longer Sole Path to Profit, Say Berkley Execs September 9, 2022 While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry’s more...
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit September 9, 2022 By L.S. Howard While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar...