Markets/Coverages: Ascot Launches Capital Mgmt Platform for 3rd-Party Capital Biz August 23, 2024 Ascot Group Ltd., the Bermuda-based global specialty insurance company, announced the launch of a unified capital management platform, Leadline Capital...
Update: Greece Battles Wildfires While Storm Lilian Crosses UK August 23, 2024 By Paul Tugwell, Eamon Akil Farhat and Joao Lima Greek wildfire risks increased as temperatures climb and near gale force winds blow across the Aegean Sea, while Storm Lilian...
Ping An Profit Rises Nearly 7% as Market Recovery Bolsters Returns August 23, 2024 By Bloomberg News Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster...
Hiscox Confirms Chairman Bloomer Died During Yacht Accident Off Coast of Sicily August 22, 2024 Hiscox Ltd. issued a statement confirming that the insurer’s chair, Jonathan Bloomer, and Bloomer’s wife, Judy, died in the tragic...
Crew Evacuated From Houthi-Stricken Oil Tanker in Red Sea August 22, 2024 By Alex Longley and Serene Cheong The crew of a ship that suffered several attacks in the Red Sea has been evacuated with naval support. Delta...
Why the Canadian Freight Rail Halt Will Roil North American Supply Chains August 22, 2024 By David Ljunggren Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an...
Remnants of Hurricane Ernesto Trigger Wind and Rain Warnings in Scotland August 22, 2024 By Dylan Griffiths, Eamon Akil Farhat and Paul Tugwell Yellow weather warnings are in place for Scotland on Thursday, as the remnants of Hurricane Ernesto bring strong winds and...
Unseasonal Winter Heat Across Australia Raises Wildfire Risks August 22, 2024 By Ben Sharples Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts...
Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims August 22, 2024 By Myriam Balezou Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted...
Yacht Insurer OMAC Is Hull Carrier for Yacht Sunk Off Sicily, Sources Say August 22, 2024 By Noor Zainab Hussain Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit...