AXIS Capital Commits to Greenhouse Gas Reduction Goals February 15, 2023 AXIS Capital Holdings Ltd. announced its commitment to a 50% absolute reduction of Scope 1 and 2 greenhouse gas (GHG)...
German Court Dismisses Greenpeace-Led Climate Case Against VW; Plaintiffs to Appeal February 15, 2023 A regional court in Germany has dismissed a case led by Greenpeace against Volkswagen calling on the carmaker to tighten...
Cyclone’s Destructive Path Through New Zealand, Killing at Least Four People February 15, 2023 By Tracy Withers Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency...
Scandinavian Airline SAS Hit by Cyber Attack, Affecting App February 15, 2023 By Marie Mannes Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using...
Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With MGA Moonrock February 14, 2023 Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for...
BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist February 14, 2023 BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina),...
People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk February 14, 2023 This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and...
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates February 14, 2023 Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely...
Cyclone Gabrielle Leaves Trail of Destruction Across New Zealand’s North Island February 14, 2023 By Tracy Withers Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...