Greenlight Re Invests in Insurtech That Provides Security Deposit Replacement Insurance June 1, 2022 Greenlight Re Innovations (GRI), a Cayman Islands-based subsidiary of Greenlight Capital Re Ltd., has announced an investment in Garentii GmbH,...
Iran’s Seizure of 2 Greek Oil Tankers Adds Risk to Key Shipping Route June 1, 2022 By Anthony Di Paola Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from...
AM Best Revises Randall & Quilter’s Credit Ratings After Brickell Purchase Terminated May 31, 2022 The credit ratings of Randall & Quilter Investment Holdings and its subsidiaries have been revised to under review, negative, from...
People Moves: Canopius Restructures Global Underwriting Operations, Makes Senior Appointments May 31, 2022 Canopius Restructures Global Underwriting Operations With Senior Appointments Canopius Group, the London-based global specialty re/insurer, has reorganized its global underwriting...
Global Re/insurers See Average Premium Increases of 11% in 1st Quarter: Gallagher Re May 31, 2022 Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for...
Season’s First Hurricane Pummels Mexico With Strong Winds, Heavy Rain May 31, 2022 By Brian K. Sullivan Hurricane Agatha made landfall in Mexico’s Oaxaca state Monday afternoon in what’s expected to be the strongest May storm to...
Insurance Premiums Surging for Ukraine War-Exposed Business: Sources May 31, 2022 Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed May 31, 2022 By Jorge Valero, Milda Seputyte and Alberto Nardelli European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of...
Insurer FWD Delays $1 Billion Hong Kong IPO: Sources May 31, 2022 By Scott Murdoch Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets,...
U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources May 27, 2022 By Jonathan Saul, Lefteris Papadimas and Renee Maltezou The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to...