Global Insurers’ Climate Alliance Relaunches After Member Exodus April 25, 2024 By Simon Jessop A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and...
People Moves: Lockton Promotes 2 in Crisis Management Team, Announces Changes in Norway Leadership April 25, 2024 Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has...
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium April 25, 2024 Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the...
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit April 25, 2024 By Nicholas Comfort Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds...
Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025 April 25, 2024 By Henrique Almeida Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an...
South Africa Advised by World Bank on Climate Insurance, Contingency Fund Options April 25, 2024 By Antony Sguazzin The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused...
People Moves: Morisato joins Sentry Board of Directors April 25, 2024 Susan Morisato has joined Sentry’s Board of Directors. Sentry is headquartered in Steven’s Point, Wisconsin. Morisato, based in Des Plaines,...
SageSure and SURE Close $130 Million Gateway Re 2024-2 Catastrophe Bond April 25, 2024 SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced...
Viewpoint: Insurance Sector Adopts Easy-to-Use Technology for Digital Transformations April 25, 2024 By Phung Viet Ha Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating...
McKinsey Faces US Criminal Probe Over Opioids Work, Sources Say April 25, 2024 By Mike Spector, Nate Raymond and Chris Prentice McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key...