Oil Spills and Near Misses: Growing Numbers of Ghost Tankers Ship Sanctioned Fuel March 23, 2023 By Jonathan Saul An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near...
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients March 22, 2023 This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A...
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction March 22, 2023 Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions,...
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re March 22, 2023 By L.S. Howard Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according...
EU Proposes Clampdown on Companies Using Misleading ‘Green’ Labels March 22, 2023 By Kate Abnett The European Commission proposed rules on Wednesday that would require companies in Europe to back up climate-friendly claims about their...
Commerzbank Executive Wins £300,000 in Sex Discrimination Suit March 22, 2023 By Katharine Gemmell A Commerzbank AG manager won more than £300,000 ($366,650) in a sex discrimination lawsuit following a long-standing legal battle with...
Google Asks London High Court to Throw Out Lawsuit Over Medical Records March 22, 2023 Google asked London’s High Court on Tuesday to throw out a lawsuit brought on behalf of 1.6 million people over...
Australian Lender Latitude’s Shares Slump After Hack Details Emerge March 22, 2023 By Adam Haigh Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack...
People Moves: McGill & Partners Hires Gallagher Re’s Turner for Treaty Reinsurance Team; Howden Names KPMG’s Cox as Head of Energy Transition March 21, 2023 This edition of International People Moves details appointments at two London brokers: McGill and Partners and Howden Broking. A summary...
UK Businesses Face Risk of Underinsurance as Construction Costs Reach Record Highs March 21, 2023 Continuing high levels of inflation in construction costs in the UK and globally, risk leaving homes and businesses underinsured in...