Philippines Increases Efforts to Contain Oil Spill From Sunken Tanker March 14, 2023 Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns...
Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance March 14, 2023 Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory...
Generali Hikes Dividend Payout After Posting Its Best Ever Operating Profit March 14, 2023 By Gianluca Semeraro Italy’s Assicurazioni Generali surprised investors on Tuesday by hiking the dividend payout on its 2022 results after posting its best...
Ukraine Rebuffs Russia’s Offer of 60-Day Extension on Grain Deal March 14, 2023 By Áine Quinn, Megan Durisin and Aliaksandr Kudrytski Ukraine pushed back on Russia’s apparent offer to extend the landmark grain-export deal by just 60 days when it comes...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
Aon Updates Europe Windstorm, Severe Convective Storm Models March 13, 2023 Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe...
Mosaic Insurance Opens Singapore Office, Hiring 2 Specialty Underwriters March 13, 2023 Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market March 13, 2023 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market...
Update: Swiss Regulator Monitors Banks, Insurers for Contagion After SVB Collapse March 13, 2023 Swiss financial regulator FINMA on Monday said it was closely monitoring the banks and insurers it oversees after the U.S....
Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data March 13, 2023 By Virginia Furness and Simon Jessop Financial institutions managing $136 trillion in assets will this week call on companies to share more data on their environmental...