British Insurers Propose Green Infrastructure Funding Model July 23, 2024 By Huw Jones Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers...
US Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re July 22, 2024 By L.S. Howard US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the...
People Moves: WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, Garrard Appointed Chair; Everest Names McBride, Garcia for Key Claims Roles July 22, 2024 This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of...
Somali Piracy Revives Sharply After Years of Quiet July 22, 2024 By Eleanor Thornber Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year,...
Without Backup Plans, Global IT Outages Will Happen Again July 22, 2024 By James Pearson Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and...
Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait July 22, 2024 By Serene Cheong A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca,...
Allianz Sees Damages Worth Tens of Millions for German Vineyards July 22, 2024 By Celine Imensek Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many...
Vulnerabilities in Non-Banks Leave Door Open to ‘Shocks’, G20 Watchdog Says July 22, 2024 By Huw Jones Patchy progress on implementing reforms to make money market funds and other types of “non banks” safer has left the...
Update: Oil Tanker That Fled Collision Site Is Detained in Malaysia July 22, 2024 By Florence Tan A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia’s Bertam floating...
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden July 19, 2024 A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to...