Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says November 6, 2024 By Rodrigo Orihuela, Macarena Munoz and Jorge Zuloaga Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200...
Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct November 5, 2024 Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to...
Finland Records First Hurricane-Force Winds Off West Coast November 5, 2024 By Leo Laikola Finland’s coastal waters were hit by hurricane-force winds for the first time, as more extreme weather batters Europe. Storm Lyly...
Specialist Risk Group Acquires UK-Based MGA NW Re November 5, 2024 Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition...
Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain November 5, 2024 By Macarena Munoz The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week...
Aon to Acquire UK Insurance Broker Griffiths & Armour November 5, 2024 Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of...
Russia Suspected of Plotting to Send Incendiary Devices to US November 5, 2024 European and US intelligence officials believe Russia is behind a plan that would ultimately place incendiary devices on planes to...
London Protesters Demand Water Companies Clean Up Sewage-Tainted Rivers November 5, 2024 Holding signs with slogans including “stop the plop” and “species not feces,” thousands of people marched in London on Sunday...
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...