Pakistan Looks ‘Like a Sea’ After Devastating Floods: Prime Minister September 7, 2022 By Syed Raza Hassan and Asif Shahzad SEHWAN, Pakistan – Parts of Pakistan seemed “like a sea,” Prime Minister Shehbaz Sharif said on Wednesday, after visiting some...
China Reopens Roads to Earthquake Epicenter, as Death Toll Rises September 7, 2022 China has reopened roads leading to the epicenter of Monday’s 6.8 magnitude earthquake in the southwestern province of Sichuan and...
EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies September 7, 2022 BRUSSELS/VLADIVOSTOK, Russia – The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin...
Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources September 7, 2022 FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing September 7, 2022 By Sinead Cruise and Iain Withers Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power...
People Moves: BMS International Names Aon’s Gillett as CEO; Aon Taps WTW’s Bruce to Lead Climate Risk Consulting September 6, 2022 This edition of International People Moves details appointments at brokers BMS and Aon. A summary of these new hires follows...
Typhoon Hinnamnor Rips Across South Korea’s Industrial Region, Killing at Least 2 September 6, 2022 By Soo-hyang Choi A powerful typhoon tore through South Korea’s southern industrial hubs on Tuesday, leaving at least two people dead, 10 missing...
Cyber MGA Coalition Launches in UK Insurance Market September 6, 2022 Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a...
Dutch Buildings Built on Wooden Piles Are Sinking After Drought Cuts Groundwater September 6, 2022 By Pablo Fernandez Cras Inside Amsterdam’s Rijksmuseum, Rembrandt’s masterpiece The Night Watch appears to be hanging straight, as do other famous works by Vermeer...
Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets September 6, 2022 Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines,...