People Moves: Aon Underwriting Managers Appoints LSM’s Clapham as CUO; Lloyd’s Taps Aviva’s Adams as Chief People Officer, Succeeding Gomez November 4, 2024 This edition of International People Moves details appointments at Aon Underwriting Managers and Lloyd’s of London. A summary of these...
Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS November 4, 2024 Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to...
Markets/Coverages: Marsh Offers Insurance to Manage Risks of Fake Carbon Credits November 4, 2024 Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management...
Vienna Insurance Group Launches Specialist Cyber Security Company November 4, 2024 Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called...
Meta Loses Bid to Appeal UK Class Action Over User Data November 4, 2024 By Upmanyu Trivedi Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused...
Update: TikTok Sued by Families in France After Children’s Suicides November 4, 2024 By Gaspard Sebag and Benoit Berthelot TikTok was sued by a group of seven French families who blame the social network app for harming the mental...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best November 1, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Markets/Coverages: IQUW Launches Financial Institutions Product in Australia November 1, 2024 IQUW, the London-based property and specialty re/insurer, has announced that its financial institutions (FI) product, FortiFI, has launched new wording...
Ardonagh Advisory Agrees to Acquire Rowett Insurance Broking in UK November 1, 2024 Ardonagh Advisory announced it has agreed to acquire Rowett Insurance Broking Ltd. in the UK. Rowett specializes in commercial, and...
Ryan Specialty in Discussions to Acquire UK’s Innovisk Capital Partners November 1, 2024 Ryan Specialty, the Chicago-based specialty insurance services firm, announced it is in final discussions to acquire Innovisk Capital Partners from...