The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit March 26, 2024 Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business...
Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians March 26, 2024 Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for...
US, UK Accuse China of Cyberespionage That Hit Millions of People March 26, 2024 By James Pearson, Raphael Satter and Christopher Bing U.S. and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly...
People Moves: BMS Hires Howden’s Spraggs, Austwick and Woolcott for FinPro Division; Newline Opens Sydney Office, Hiring Beswick as Head of Professional Indemnity March 25, 2024 This edition of International People Moves details appointments at the broker BMS Group and the re/insurer Newline Group. A summary...
Russia’s Oil Is Finally Getting Snarled by Sanctions March 25, 2024 By Rakesh Sharma, Grant Smith and Julian Lee The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil...
Markets/Coverages: Marsh Creates Cyber Group Captive for Clients Seeking More Stability in Insurance Programs March 25, 2024 Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the creation of Edgware Re Ltd., a...
Ageas Says It Won’t Make Third Offer for Direct Line Insurance March 25, 2024 By Michael J.Moore Ageas said it will halt its pursuit of UK insurer Direct Line Insurance Group Plc after two takeover proposals were...
Hong Kong Reports Its Highest March Temperature in 140 Years March 25, 2024 By Bei Hu Hong Kong’s temperature on Sunday reached the highest recorded level during the month of March in 140 years, according to...
North Korean Hackers Stalk Crypto Startups Scrimping on Security March 25, 2024 By Anna Irrera and Olga Kharif It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out...