Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS June 14, 2024 Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within...
Mubadala Proposal to Sell Insurtech Startup Wefox Opposed by Founders June 14, 2024 By Arno Schütze Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd....
Evergrande Liquidation Lawyers Probe PwC, Others to Recoup Creditor Losses: Sources June 14, 2024 By Xie Yu Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including...
On a Warming Planet, Outdoor Concerts Need a New Safety Playbook June 14, 2024 By Kendra Pierre-Louis Just before Ana Clara Benevides lost consciousness, she likely found it hard to breathe. Packed with 60,000 people in Rio...
Ship on Fire Near Yemen After Second Attack in as Many Days June 14, 2024 By Alex Longley, Verity Ratcliffe and Kateryna Kadabashy A small cargo ship was on fire after being hit by three projectiles while sailing in the Gulf of Aden,...
Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion June 14, 2024 By Irina Anghel The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding...
People Moves: Hamilton Insurance DAC Promotes Reynolds as CEO; Dale Underwriting Partners Names Bridge as Active Underwriter, Succeeding Peters June 13, 2024 This edition of International People Moves details appointments at Hamilton Insurance DAC, the Irish subsidiary of Hamilton Insurance Group, and...
UK Puts First Sanctions on Russia’s Shadow-Fleet Oil Tankers June 13, 2024 By Ellen Milligan and Alberto Nardelli The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting...
R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation June 13, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business”...
Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement June 13, 2024 Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity...