Powerful 7.1 Magnitude Quake Hits Philippines, Killing at Least 4 July 27, 2022 By Neil Jerome Morales and Karen Lema A powerful 7.1 magnitude earthquake struck the northern Philippine island of Luzon on Wednesday killing four people, damaging buildings and...
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon July 27, 2022 Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18% higher...
Brown & Brown’s GRP Acquires Insurance Portfolio of WM Brokers Ltd. July 27, 2022 Global Risk Partners (GRP), part of Brown & Brown, announced it has acquired the general insurance portfolio of Woodward Markwell...
People Moves: Howden RE Hires Former Carpenter Exec Thienel to Launch German Unit; MGA Alta Signa Appoints Kisters as Professional Indemnity Manager, Netherlands July 26, 2022 This edition of International People Moves details appointments at the broker Howden RE and the MGA Alta Signa Europe. A...
Alpine Glaciers Decline at Record Rates Following Heatwaves July 26, 2022 By Emma Farge and Gloria Dickie MORTERATSCH GLACIER, Switzerland – From the way 45-year-old Swiss glaciologist Andreas Linsbauer bounds over icy crevasses, you would never guess...
Record Temperatures, Wildfires Wreak Havoc on Europe’s Wineries and Vineyards July 26, 2022 By Elin McCoy In Portugal’s Douro Valley on July 7, a wildfire burned close to Oscar Quevedo’s Quinta da Alegria vineyard. By the...
Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels July 26, 2022 By Kaori Kohyama As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies...
Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings July 26, 2022 By Carolyn Cohn and Christoph Steitz European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance...
One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders July 26, 2022 A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders...
Australia on High Alert for Foot-and-Mouth Disease in Its Cattle Herds July 25, 2022 By Sybilla Gross Australia is on high alert for foot-and-mouth disease in its cattle herds after traces of the virus were found on...