Update: Zurich Insurance Tops Profit Forecast, on Track to Beat 2025 Targets August 8, 2024 By Carolyn Cohn and Eva Orsolya Papp Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025...
Western Insurers Provide Cover for Russian Oil Despite Price Cap Concerns August 8, 2024 By Jonathan Saul and Gleb Stolyarov A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in...
Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses August 8, 2024 By L.S. Howard Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year...
People Moves: Markel Announces 2 Key Hires for International Casualty Team; Howden Re Taps Gruen From AXIS as Head of Cyber Threat Intelligence August 7, 2024 This edition of International People Moves details appointments at Markel and Howden Re. A summary of these new hires follows...
Fidelis Partnership Launches Renewables MGA Called ‘Novagen’ August 7, 2024 Pine Walk Capital Ltd., the specialist managing general agency platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced...
China Evergrande Group’s Liquidators Start Legal Action Against PwC August 7, 2024 By Bloomberg News China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction...
Norway Salmon Farming Industry Grapples With Harsh Climate Effects August 7, 2024 By Jesus Calero Norwegian salmon farmers face challenges from an unusually harsh winter and the El Nino climate phenomenon which led to record...
Time to Retire ‘Hard to Abate’ as Climate Solutions Become More Affordable August 7, 2024 By Akshat Rathi Jargon often gets in the way of clearly understanding the climate challenge. While some technical terms such as “net zero”...
Fosun’s Fidelidade Explores Sale of New Lisbon Headquarters August 7, 2024 By Henrique Almeida Fidelidade, an insurer controlled by Shanghai-based Fosun International Ltd., is weighing the sale and leaseback of a building in Lisbon...
People Moves: Arch Insurance International Promotes Penberthy to CFO; Price Forbes Singapore Names Coates as Chief Broking Officer August 6, 2024 This edition of International People moves details appointments at Arch Insurance International and Price Forbes Singapore. A summary of these...