EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War May 5, 2022 The European Union’s Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll May 5, 2022 By L.S. Howard Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such...
QBE Re Restructures to Create Connected Business, Consistent Client Experience May 5, 2022 QBE Re has announced major changes to its organizational structure as part of the reinsurer’s strategy to further align and...
Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report May 5, 2022 By Simon Jessop and Tommy Wilkes Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing...
Fidelis Insurance Moves to New London Office May 5, 2022 Fidelis Insurance Holdings Ltd. and its wholly owned UK subsidiaries have moved to new offices in London on the 42nd...
Update: Record $2.7 Billion IPO by India’s Life Insurance Corp. Is Oversubscribed May 5, 2022 The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by...
QBE Reports 22% Surge in Q1 Premiums, Expects Hit From Ukraine War May 4, 2022 Australia’s QBE Insurance Group said on Thursday its first-quarter written premiums grew 22% in constant currency terms, as volatility because...
AXIS Insurance International Launches Portfolio Underwriting Unit in London May 4, 2022 AXIS Capital Holdings Ltd. has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the...
People Moves: Lim Promoted to CEO, Howden Singapore; Liberty Specialty Mkts. Hires Lim for Aviation Claims; OdysseyRe Taps Everest’s Finnegan for U.S. General Casualty May 4, 2022 This edition of International People Moves details appointments at Howden Singapore, Liberty Specialty Markets and OdysseyRe. A summary of these...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand May 4, 2022 By Jonathan Saul Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved...