Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January September 18, 2024 The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate...
People Moves: Davis Joins MEMIC as Senior Underwriter; Davis Joins Alliant as Senior VP; Monte Joins Alliant M&A Team September 18, 2024 The MEMIC Group, based in Portland, Maine, hired Scott Davis as a senior production underwriter overseeing the Virginia and District...
Generali Agrees to Sell 99.99% Stake in Turkish Unit September 18, 2024 Generali has reached an agreement to sell its 99.99% stake in its Turkish business, Generali Sigorta A.Ş., in a deal...
Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India September 18, 2024 By Nidhi Verma and Gleb Stolyarov Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from...
Central Europe Flood Deaths Rise as Citizens Race to Build Defenses September 18, 2024 By Kacper Pempel Volunteers and emergency personnel raced to secure river banks and buildings in Poland and Hungary on Tuesday as flood waters...
Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis September 18, 2024 By Promit Mukherjee Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make...
Update: Africa Floods Displace Millions, Prompt Warnings of Disease, Dam Bursts September 18, 2024 By Ougna Camara, Pius Lukong and Yinka Ibukun Floods in Africa that are displacing millions of people from Guinea on the west coast to the Central African Republic...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk September 18, 2024 By Alex Longley Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers...
Bump in Federal Trade Secret Litigation Seen in 2023: Report September 18, 2024 Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district...
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically September 18, 2024 By Doug Marquis Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs...