Typhoon Yagi Kills 14 in Vietnam as Officials Warn of Heavy Rain, Flooding September 9, 2024 By Aniruddha Ghosal At least 14 people have died and 176 others injured in Vietnam after Typhoon Yagi slammed the country’s north, state...
People Moves: BMS Re Names Mirabal Latin American and Caribbean CEO; Zurich Asia Pacific Hires Heads of Financial, Casualty Lines September 9, 2024 Specialty reinsurer BMS Re announced the appointment of Anthony Mirabal as CEO of the Latin America and Caribbean (LAC) Division,...
Viewpoint: Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold September 9, 2024 By Brian C. Schneider The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection...
Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity September 9, 2024 Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand...
Google Abusing Power Over Website Ads, UK Regulator Says September 9, 2024 By Paul Sandle Britain’s antitrust regulator said on Friday it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising...
Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine September 9, 2024 Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia...
‘Sustainable’ Logging Operations Are Clear-Cutting Canada’s Climate-Fighting Forests September 9, 2024 By Chris Kirkham, Grant Smith and Jessica DiNapoli With its vast expanses of forest, Canada has the most “certified” sustainable timber operations of any nation, according to the...
London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses September 6, 2024 By Sam Tobin The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses,...
Fitch Ratings Shifts Global Re Outlook to Neutral; Pricing Past Peak September 6, 2024 By Susanne Sclafane Fitch Ratings announced that it shifted its outlook on the global reinsurance sector to neutral yesterday but the downward shift...
Germany Cracks Down on China Green Fraud in Deepening Scandal September 6, 2024 By Natasha White and Akshat Rathi German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were...