AXA’s Q1 Revenues Rise 6%, Led by P/C Business Growth May 3, 2024 By L.S. Howard AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion),...
Uber Hit With £250 Million Suit From London’s Black Cab Drivers May 3, 2024 By Upmanyu Trivedi Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds...
AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany May 3, 2024 By Jan-Henrik Förster Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer...
Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse May 2, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
People Moves: Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL; MS Amlin Taps HDI’s Healy as Head of Property & Crisis Management Claims May 2, 2024 This edition of International People Moves details appointments at global specialty re/insurers Canopius and MS Amlin. A summary of these...
MS Reinsurance Gets Ratings Upgrades From AM Best and S&P May 2, 2024 MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global...
Acrisure Acquires Scottish Broker WH&R McCartney May 2, 2024 Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has acquired Scottish insurance broker, WH&R McCartney. Based...
Yemen’s Houthis Rebels Attack Portuguese-Flagged Ship in First Deep-Sea Assault May 2, 2024 By Jon Gambrell A Portuguese-flagged container ship came under attack by a drone in the far reaches of the Arabian Sea, corresponding with...
Geopolitical Risks: Why Underwriters Are Watching Aggregations May 2, 2024 By George Barratt Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant...
Yemen’s Houthis Attack Four Ships in Indian Ocean, Red Sea May 1, 2024 By Nayera Abdallah and Enas Alashray Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean...