Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...
CNA Hardy Online Raises Attachment Points for Excess-of-Loss Cover to £150M August 9, 2022 CNA Hardy, the specialist commercial insurer that writes business within the Lloyd’s and company markets, announced increased flexibility in the...
People Moves: BHSI Enters Commercial Hull in Australasia, Hiring Hesson From QBE; Hannover Re Appoints Swiss Re’s Ooi to Oversee P/C Growth in APAC August 9, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Hannover Re. A summary of these...
Argenta Ceases Underwriting New and Renewal Business in Singapore August 9, 2022 Argenta Underwriting Asia Pte Ltd (AUA) announced that it will cease writing new and renewal business in Singapore with immediate...
Brazil’s BB Seguridade Posts 86.6% Rise in Q2 Net Profit August 9, 2022 By Gabriel Araujo Brazilian insurer BB Seguridade Participacoes SA on Monday increased its full-year outlook, citing higher-than-expected growth in written premiums as it...
Argo Group Hands Board Seat to Activist Hedge Fund Firm Voce Capital August 9, 2022 By Svea Herbst-Bayliss Argo Group International Holdings handed a board seat to its largest investor on Monday, adding activist hedge fund manager J....
Allianz Weighs Sale of Stake in Saudi Arabia Unit August 9, 2022 By Manuel Baigorri Allianz SE is considering a sale of its Saudi Arabian unit, people familiar with the matter said, a move that...
Insurers Get Safety Assurances for Ships Exporting Ukraine Grain Through Black Sea August 9, 2022 By Jonathan Saul and Michelle Nichols Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to...
Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded August 8, 2022 Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot...
More Grain Ships Safely Depart From Ukrainian Black Sea Ports August 8, 2022 Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking...