Australian Insurer IAG Says Rise in Claims, Third-Party Costs to Push Up Premiums August 21, 2024 Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims...
Specialist Risk Group Acquires UK-Based Anthony James Insurance Brokers August 20, 2024 Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Anthony James Insurance Brokers, subject to regulatory approval....
Markets/Coverages: Marsh Launches $50 Million Port Blockage Insurance Facility August 20, 2024 Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port...
Beryl-Battered Grenada Becomes 1st Country to Use Government Bond Hurricane Clause August 20, 2024 By Marc Jones Grenada has become the first country in the world to use a so-called hurricane clause in a government bond –...
Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong August 20, 2024 By Bloomberg News Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that...
Storms Threaten Mediterranean From Sicily to Ionian Sea Islands August 20, 2024 By Paul Tugwell and Eamon Akil Farhat Thunderstorms are forecast across the Mediterranean from Corfu to Sicily, where a luxury yacht sank off the coast on Monday...
Morgan Stanley’s and Hiscox’s Bloomer Among Those Missing After Yacht Sinks August 20, 2024 By Flavia Rotondi and Adveith Nair Morgan Stanley International chairman Jonathan Bloomer is among those missing, along with UK tech entrepreneur Mike Lynch, as Italian authorities...
The Era of Runaway Heat Records Is Here August 20, 2024 By Eric Roston, Matthew Griffin and Alexander Battle Abdelal Las Vegas set a heat record of 117 degrees Fahrenheit (47.2C) in 1942, and for 82 years no weather system...
SME Broker Ardonagh Advisory to Acquire UK-Based R.K. Henshall August 19, 2024 Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd....
Net Zero’s Carbon Removal Conundrum August 19, 2024 By Alastair Marsh To achieve net-zero emissions, where emissions and removals of greenhouse gas pollution balance each other out, governments and corporations must...