MGA Volante Global Launches Branch in Singapore, Managed by Asta June 2, 2023 Volante Global, a multi-class, multi-territory international MGA and Lloyd’s syndicate, has launched Volante Singapore, according to Asta, the Lloyd’s third-party...
Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report June 2, 2023 By Ezra Amacher The maritime sector experienced fewer total losses of vessels in 2022 while the number of shipping incidents remained relatively consistent,...
Renault Customers to Lodge Criminal Complaint in France Over Faulty Engines June 2, 2023 Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint...
Former Hiscox CEO Masojada Named Chair of SiriusPoint June 2, 2023 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the appointment of Bronek Masojada as chair of the company’s Board...
Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report June 2, 2023 Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to...
ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears June 2, 2023 By Tommy Wilkes The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is...
Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists June 1, 2023 By Frances D'Emilio and Seth Borenstein A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said...
People Moves: Gallagher Re Appoints Brace of Exec Appointments for N. America, Brazil and China June 1, 2023 Global reinsurance broker Gallagher Re announced the appointment of Linda Johnson as vice chairperson for its North American team, Daniel...
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows June 1, 2023 By Alex Longley Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and...
New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes June 1, 2023 By Matthew Brockett New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to...