Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh July 31, 2023 Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh,...
Update: Burning Car Carrier Off Dutch Coast Towed Away From Shipping Lanes July 31, 2023 A burning car carrier off the Dutch coast has been towed to a new location away from shipping lanes as...
Extreme Weather Risks May Make Parts of the World ‘Uninsurable’ July 31, 2023 By Rodrigo Orihuela and Anna Edwards Soaring global temperatures may make large parts of the world “uninsurable,” according to Spain’s largest insurance firm. Climate change “has...
People Moves: Everest Insurance Int’l Taps Brionne and Benson From Chubb, Promotes Mah; SiriusPoint Hires TMK’s Kattan as Global Head of Ceded Reinsurance July 28, 2023 This edition of International People Moves details appointments at Everest Insurance International and SiriusPoint. A summary of these new hires...
Clear Group Acquires UK Specialist MGA, Profile Risk Solutions July 28, 2023 The Clear Group, the London-based independent broker, announced the acquisition of a specialist commercial lines managing general agent, Profile Risk...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re July 28, 2023 By L.S. Howard Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...
Update: Typhoon Doksuri Roars Into China, Destroying Power Lines, Closing Factories July 28, 2023 By Bernard Orr and Yimou Lee Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines...
Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days July 28, 2023 By Cagan Koc and Wilfried Eckl-Dorna A cargo ship carrying almost 3,800 cars and construction vehicles is likely to continue burning for days, according to the...
Barclays Banker Fired Over Sexual Harassment Loses $770,000 Employment Suit July 28, 2023 A former Barclays director who was fired for sexual harassment has lost an employment lawsuit against the British bank in...
Inside EU, No Clear Financial Options Exist to Reduce Ukraine Grain Transport Costs July 28, 2023 By Julia Payne and Max Hunder The European Commission has no immediate money in the budget and no clear way to help finance the extra transport...