Europe’s $42 Billion Effort to Fight Wildfires Is an Uphill Battle August 19, 2024 By Eamon Farhat and Paul Tugwell Europe is spending tens of billions of euros a year to fight wildfires, yet it hasn’t stopped blazes from flaring...
The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows August 19, 2024 By Greg Ritchie and Gautam Naik A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be...
Wildfire Near Athens Burns Area Nearly Twice the Size of Manhattan August 16, 2024 A European Union satellite mapping agency says 104 square kilometers (40 square miles) of land was burned northeast of Athens...
The Shaky Ground Below Istanbul Is Getting People Worried August 16, 2024 By Ugur Yilmaz When Turkish lender Denizbank paid more than $350 million for the building that houses its headquarters in April, the purchase...
Toxic Waste Bound for Thailand on Maersk, MSC Cargo Vessels to Return to Europe August 16, 2024 By K. Oanh Ha Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now slated to return...
Ernesto Becomes Category 2 Hurricane as It Heads to Bermuda August 16, 2024 By Will Wade Ernesto strengthened into a Category 2 hurricane as it plowed northward toward Bermuda, threatening to drench the British territory with...
Why Is Mpox an Emergency Again, and How Worried Should I Be? August 16, 2024 By Jennifer Rigby The World Health Organization has declared that an outbreak of mpox, a viral infection that spreads through close contact, represents...
Mutating Mpox Virus Poses Challenges to Containment Efforts August 16, 2024 By Janice Kew and Antony Sguazzin Changes in the mpox virus are just the latest challenge facing disease trackers trying to contain an outbreak of the...
People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine August 15, 2024 This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires...
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report August 15, 2024 By L.S. Howard Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims...